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3 Karsten Drive
About This Property
Inside, gleaming hardwood floors flow throughout both the first and second levels. A formal living room to the right showcases a large picture window. Spacious enough to serve multiple purposes, it currently accommodates a baby grand piano and seating area but could easily transition into a stunning formal dining room. In true center-hall style, the formal dining room sits opposite the staircase, accented with dental crown molding and a tranquil front-yard view-ideal for elegant gatherings.
The renovated kitchen is positioned at the back of the home, opening seamlessly to the family room for the open-concept living today's buyers love. Warm cherry cabinetry, granite counters, stainless steel appliances, and a 36-inch commercial range create both beauty and function, while the center island offers additional prep space. The inviting family room, complete with a fireplace and built-ins, opens through sliding glass doors to a composite deck overlooking the backyard. A powder room and laundry complete this level.
Upstairs, you'll find four bedrooms and two full baths. The primary suite offers an ensuite bath with free standing shower and dedicated walk-in closet. The second bedroom comfortably fits queen-size furniture and also offers a double closet, while two more bedrooms-each with double door closets-share a hall bath.
The lower level adds approximately 500 square feet of finished living space, with the remaining area serving as a crawl space for storage. The expansive backyard is private and green, featuring an above-ground pool for summer enjoyment.
Montebello is known for its scenic beauty, rich history, and close-knit community feel-an ideal place to experience the best of Rockland County suburban living.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017