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3170 W 29th Ave
About This Property
A terraced flower garden and shaded front yard welcome you. The home sits on a rare 5,000+ sq ft lot. Inside, enjoy 9' ceilings and stunning custom design elements: handmade stained glass, beetle kill pine finishes, metal handrails, exposed beams, built-in bookcases, sunburst gable, and a charming under-stair play nook.
The gourmet kitchen features granite countertops, stainless appliances, a double basin farmhouse sink, garden window, and large pantry. Both upstairs bedrooms are spacious with ample closet space. The bright primary suite includes multiple skylights (with motorized shades), a 4-piece bath, and room for a king bed plus an office nook.
Out back, you'll find a professionally landscaped retreat with a paver patio, fire ring, winding path, and raised beds. The yard is filled with wildflowers and fruiting plants like strawberries, cherry trees, raspberry, blackberry, honeyberry, arctic kiwi, and a grapevine-covered pergola.
A custom 828 sq ft garage includes an oversized 8' door with 240-volt service on a separate panel and two bonus rooms. One is finished as a guest/office with French doors to the yard; the other is a secure workshop with interior access - perfect for gear storage.
Walk to Highland Square, Sloan's Lake, and nearby parks. Zoned for top-rated schools including Valdez, Brown, and Edison. Plus, a new mixed-use development by Little Man Ice Cream developer is just two blocks away.
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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