313 Sixth Avenue
About This Property
The second floor serves as a tranquil retreat. The sun-drenched primary suite features generous closet space and a spa-inspired ensuite bathroom with designer fixtures. Two additional bedrooms and a second stunning, fully renovated bathroom complete this level, providing plenty of space for everybody. Beyond the home's walls, you gain a lifestyle of unparalleled convenience. You are just a few blocks from the renovated Hutchinson Elementary School and a short distance to the Metro-North station, which puts you into Grand Central terminal in just 30 minutes. With the Hutchinson River Parkway nearby and all the vibrant dining and shopping of downtown Pelham within a short distance, the location is truly unbeatable. Equipped with energy-efficient solar panels to keep utility costs low, as an energy efficient feature, the panels align with modern, eco-friendly living standards. This residence offers the rare peace of mind that comes with a brand-new home. This isn't just a house, it is a new beginning.
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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