3101 Chase St
About This Property
Beyond the main floor, this property offers unparalleled flexibility through a professionally finished, sound-proofed garden-level basement. This expansive lower level features its own private entrance, making it an ideal candidate for a high-value rental opportunity, a multi-generational living suite, or a secluded professional home office. The space includes a comfortable bedroom, a dedicated office, a spacious recreation room, and a full bath. Most impressively, the basement includes a bar area already equipped with water and gas hookups for a second kitchen, supported by high-quality ceiling and wall insulation for maximum privacy and comfort. Ample storage and a dedicated laundry area ensure that every square foot of this home is as practical as it is beautiful.
The excellence of this home extends to the exterior, where a detached two-car garage provides plenty of space for vehicles and gear. The professionally landscaped yard is a private oasis, featuring a stunning covered patio that invites you to relax, garden, or host summer gatherings. This home offers easy access to the region's best parks, schools, and neighborhood amenities. 3101 Chase St represents a rare opportunity to own a versatile retreat in the heart of a thriving community.
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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