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3014 Grace Avenue
About This Property
Upon entering, you are welcomed by a spacious and thoughtfully designed interior that seamlessly blends comfort with sophistication. The home features four generously proportioned bedrooms and three and a half bathrooms, providing ample space for refined living, entertaining, and everyday functionality. Each room showcases luxury-inspired finishes, carefully selected to create an elegant and cohesive aesthetic throughout the residence. The layout is enhanced by abundant natural light, well-defined living areas, and quality craftsmanship that is evident in every detail.
The kitchen and bathrooms reflect a modern, upscale design, offering both style and practicality for today's lifestyle. A fully finished basement adds a significant amount of versatile living space, ideal for a private lounge, recreation area, home office, or extended living use. This additional level enhances the overall functionality of the home while maintaining the same level of finish and care found throughout the main living areas. The exterior's solid brick construction not only provides long-term structural integrity but also contributes to the home's classic charm and low-maintenance appeal. Meticulously maintained, this property is move-in ready and designed to meet the expectations of discerning buyers.
Ideally located near premier shopping, dining, schools, and multiple public transportation options, 3014 Grace Avenue offers unparalleled convenience while remaining tucked away in one of the Bronx's most desirable neighborhoods. This residence presents a rare opportunity to own a sophisticated home that delivers space, quality, and location in perfect harmony.
Investment & Rental Potential -
This property is more than a home; it is a powerful investment vehicle. For those looking to maximize their financial future, 3014 Grace Avenue offers incredible potential for house-hacking-allowing you to live in luxury while generating significant monthly profit.
Estimated Rental Income: The current market for 4-bedroom homes in this area suggests an income potential of $4,200 – $4,800+ per month.
Basement Potential: The finished basement provides a versatile space that can act as a high-value rental unit, with similar spaces in the area commanding $1,800 – $2,200 per month.
To ensure your investment is successful from day one, our team also offers full rental and tenant-placement services after purchase, helping you transition seamlessly from closing to cash flow.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017