Enjoy the carefree beach lifestyle year-round in this beautifully
renovated townhouse-style condo, located in the highly sought-after
waterfront community of Rye, NY. This modern and chic 2-bedroom,
2.5-bath home offers tranquil views of the Long Island Sound and an
open, light-filled layout with extensive updates throughout. The
main level features a spacious open floor plan, a newly renovated
eat-in kitchen with quartz countertops and stainless steel
appliances, a formal dining room, and an airy living room with a
gas fireplace framed by floor-to-ceiling marble. Additional
highlights include an immaculate powder room, new hardwood floors,
and elegant crown moldings throughout. Step outside to a private
bluestone patio with seasonal partial water views-perfect for
relaxing or entertaining. Upstairs, the sun-drenched primary suite
boasts a cathedral ceiling, private balcony with partial water
views, walk-in closet, three additional closets (including one with
laundry hookup), and a luxurious full bath with double vanity. A
second bedroom offers an oversized walk-in closet. This level also
includes a hallway full bath with a tub, a linen closet with an
additional laundry hookup, and a versatile bonus room ideal as a
nursery, home office, or cozy reading nook. A finished third-floor
walk-up bonus space provides even more flexibility-perfect as a
family room, media room, or guest retreat. Additional features
include outdoor and garage parking. The community offers 24-hour
gated security, an in-ground pool overlooking the Sound, a
playground, and serene walking paths along the waterfront. All just
moments from town, schools, shopping, and more.
Unit Size
2,220 Ft²
Days on Market
81 days
Land Size
-
Price per sqft
$854
Property Type
Condo
Property Taxes
$775
HOA Dues
$1,124
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Window Features: Aluminum Frames, Screens, Oversized Windows
Construction Materials: Brick
Patio and Porch Features: Covered, Deck, Patio
Pool Features: Community, Fenced, In Ground, Outdoor Pool
Lot Features: Garden, Landscaped, Level, Near Golf Course, Near Public Transit, Views, Waterfront, Near School, Near Shops
Water Source: Public
Financial Details
Tax Assessed Value: $7,675
Tax Annual Amount: $9,302
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal, Trash, Exterior Maintenance, Grounds Care, Hot Water, Pool Service
HOA/Condo/Coop Amenities: Gated, Landscaping, Maintenance, Maintenance Grounds, Parking, Playground, Pool, Security, Snow Removal, Trash, Door Person, Live In Super
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Address: 335 Madison Avenue, New York, NY 10017