31 Turner Drive
About This Property
multi-level terraces provide outdoor living and entertaining areas and overlook a sparkling Gunite pool by Armand Benedek with spectacular garden design by Rudy Mabel. The interior is defined by an open floor plan-flowing seamlessly through spaces flooded with natural light. An architectural floating staircase introduces the two story great room. A recently renovated chef's kitchen is outfitted with a Wolf 6 burner gas range and grill, double Wolf wall ovens, Calcutta Gold marble counters and double sinks. A private master wing adjoins a fitted dressing room and beautiful marble bath. Cherished for over 35 years and never offered before, this stunning house and property are a once in a lifetime opportunity. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2021 | Sold | ||
| Sold | |||
| May 24, 2021 | Listed by Houlihan Lawrence Inc. | $1,375,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017