331 TOM BROWN RD
About This Property
Foyer entry, with quarry slate tile underfoot, this custom built home has been lovingly cared for over the years. Sitting on just over 4 acres this property offers a living room/dining room combination: Living room has a fireplace to warm up by in the colder months and the dining room can sit approximately 8 for special gatherings. The L/R -D/R combo has cedar plank ceilings flowing from each room. The kitchen has granite counters and ceramic flooring with a stainless steel refrigerator and range both Jenn Air. There are 3 spacious bedrooms and 3 full bathrooms on the main level. The generous sized master suite has beautiful wood flooring , ample closet space, sitting area in the bathroom which has heated floors. The other 2 bedrooms are just as nice 1 offers a full bath (also heated floors)! The 4th bedroom( w/ walk in closet) and the 4th full bathroom is on the upper level which has a loft overlooking the living room. The lower level features the family room (25x22) w/ a stone faced fireplace, bonus room, utility room/office and the 5th bathroom! Wait! There's more! There's a 2-story barn that has 4+ stalls for horses, an in-ground pool and plenty of backyard space to entertain approximately 150 people! Come see YOUR home today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Feb 11, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2023 | Price Decreased |
$1,200,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| May 2, 2023 | Listed by Kinniebrew Associates, Inc. | $1,300,000 | |
| Listed by Kinniebrew Associates, Inc. | |||
Property Highlights
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017