3110 23rd St
About This Property
Once inside, this well-designed floor plan provides bright and open living and dining rooms and a cheery vintage kitchen. The main floor has a primary bedroom suite with its own 1/2 bath and two closets, and two additional bedrooms and an updated full bathroom. The recently finished hardwood floors are in excellent condition throughout the upstairs with a durable water-based Pallmann finish. The large finished basement features a fourth bedroom with egress and a walk-in closet, full bathroom, a spacious lounge, and a flexible work / study room that includes a bonus wet bar. Plenty of room in the laundry area with several large closets for storage and easy access to the mechanicals. Top-of-the-line efficient Viessmann heating system throughout the house was recently installed, along with two Carrier mini-splits for instant cooling or a heat boost. The attached garage is deep and provides easy access to the main electric panel to add a future EV charge point. Also, be sure to view the online video tour included with the listing.
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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