322 Madison Circle
About This Property
Welcome to this beautifully updated 4-bedroom, 3.5-bath home in the sought-after community of Harrison's Walk, ideally located near the beach. Offering generous square footage at an exceptional value, this home combines comfort, style, and convenience in a peaceful coastal setting. From the moment you arrive, you'll notice the inviting curb appeal with a covered front porch and brick paver driveway. Inside, the home features fresh interior paint, brand-new carpeting, and durable tile flooring throughout the main living areas. Elevated ceilings and abundant natural light create a bright and airy atmosphere, while details like crown molding and classic wainscoting add a touch of coastal charm.
The thoughtfully designed open layout is perfect for both everyday living and entertaining. The kitchen is well-appointed with rich wood cabinetry, expansive granite countertops, and a breakfast bar accented by pendant lighting. It flows seamlessly into both a formal dining space and an additional casual dining area, offering plenty of room for gatherings.
The primary suite is conveniently located on the first floor and provides a spacious retreat with a private ensuite bath featuring dual vanities, granite surfaces, and a shower/tub combination. Upstairs, you'll find three additional bedrooms, including one with its own private bath, while the remaining bedrooms share a well-designed hall bath. A versatile loft area at the top of the stairs, complete with hardwood flooring, offers the perfect space for a second living area, office, or media room.
Residents of Harrison's Walk enjoy access to a community pool and a quiet, residential atmosphere just moments from shopping, dining, and beach access. Short-term rentals are not permitted, making this an excellent option for a primary residence or long-term investment property, with a minimum six-month rental policy in place.
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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