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3131 Meade St
About This Property
An enclosed front porch adds both charm and everyday usability. Opening inside, light-filled dining and living rooms are anchored by a wood-burning fireplace, with original hardwood floors carrying throughout the main level. The kitchen is outfitted with stainless steel appliances and under-cabinet lighting, adding a modern touch to the home's original character. The primary suite features a fully remodeled en suite bath with radiant heat flooring, while a second main-level bedroom is outfitted with a custom built-in wardrobe wall. Downstairs, the finished basement expands the home's footprint with a flexible living space, a third bedroom with its own private, renovated en suite bath, a spacious closet, and laundry.
Outside, raised garden beds with a flourishing garden, a dedicated sitting area, and a turfed yard turn the backyard into a true outdoor living space. Two sheds make storage easy. The detached 2-car garage comes EV-ready with a Level 2 charger and a fully owned solar system - pairing 1920s character with modern upgrades.
The heart of the highlands and blocks from Highland Square, Sunday mornings mean the neighborhood farmers market steps from your door, plus the shops and restaurants lining 32nd Avenue every day of the week.
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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