300 KERNEWAY
About This Property
From your first step through the Dutch Door front entry, you will find soaring light-filled spaces including the sprawling living room that boasts 10'+ beamed ceilings, a glorious bay window with a built-in window seat, and an inviting wood-burning fireplace. The formal dining room features a second fireplace and a butler's pantry with a new marble-topped wet bar that is adjacent to a gourmet kitchen that is truly the heart of this home and custom-built to suit the most discriminating chef with soapstone counters and a marble-topped island with breakfast bar, restaurant-grade stainless appliances including the Bluestar gas stove, double ovens, 42" wide refrigerator, and a walk-in pantry. The cozy den is the perfect place to study or work from home and features a wood-burning fireplace for the cold days of winter. With such an array of incredible spaces to relax or gather, the ideal spot has to be the stunning family room with a gas fireplace; this incredible space is enclosed by stone and floor-to-ceiling windowed walls that offer peaceful views of the enchanting grounds. Upstairs, the Primary Suite is a retreat unto itself with floor-to-ceiling windows, a dressing area with a fireplace, as well as a spacious primary bath. Five more spacious bedrooms and three more full baths are adjacently located and include a clever new bath that is custom-built for busy households featuring two separate showers. Accessible from the family room, kitchen, or through the whimsical yellow door in the front stone wall, awaits an enchanting outdoor living and entertaining area that will delight all; with an incredible built-in pool with pool house, 2022 resurfaced tennis courts with added pickleball lines, a remarkable hand-built pizza oven for your culinary adventures. The lush landscape is adorned with specimen trees such as Western Cedar and Crepe Myrtle and is fully fenced. A two-car garage and resurfaced driveway provide ample off-street parking. Some other notable upgrades include 2023 AC and heating in the family room and Primary Bedroom addition, CAT 5 cable for most efficient ethernet and entertainment streaming, and a 2022 basement waterproofing system, with a new interior perimeter drainage system, sump pump, and waterproofed walls. A rare opportunity to own a home that is truly the pinnacle of perfection, in a coveted prestigious Baltimore locale.
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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