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32 Fordham Street
About This Property
The main level offers a comfortable and functional layout with three bedrooms and one full bathroom. Downstairs, the basement includes an additional full bathroom, bonus room, washer and dryer, and access to the spacious fenced-in backyard - ideal for summer BBQs and outdoor gatherings.
An enclosed four-seasons room adds even more versatility, making a perfect indoor patio, sitting area, or extra storage space. Freshly painted interiors and a brand-new roof installed in 2024 make this home move-in ready.
Conveniently located near the express bus to NYC, restaurants, shops, schools, beaches, and parks, this is a must-see home in the heart of City Island. Home does not require flood insurance.
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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