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Map
3371 W 36th Ave
About This Property
Everything was taken down to the studs. Excavated the basement to give more height to the ceilings and installed subfloor radiant heat. 2 full bathrooms were brand new in 2012: primary bath includes Ann Sacks tile, Waterworks fixtures, large walk-in shower with duo shower heads, Restoration Hardware mirrored medicine cabinets, soaking tub, double sinks, and water closet room.
Two attractive brick window wells were created. 2 bedrooms on lower level are 100% conforming. Custom kitchen cabinets with Rev-A-Shelf pantry, soft-close drawers and doors throughout, and dedicated pet cabinet. Solid-core doors throughout. New Triangle Tube boiler with radiant heat up and down. New sewer line, new water tap, new windows installed on lower level, new window coverings, new electrical and plumbing. Entire house painted in 2022. Kitchen opens to den, separate from dining and living rooms. Home office/3rd bedroom showcase French doors. Kitchen includes: Built-in wine storage, breakfast bar, soapstone countertops, stainless steel refrigerator, dishwasher, gas range. Newly painted high-quality custom wood cabinets and drawers in 2022. Amazing storage!
Expansive backyard with flagstone patio, apple trees, a grape arbor, serviceberry trees, newer fence. Full paint job April 2022. Electric vehicle charger on west side of house.
Just a couple of blocks to Highland Square and Highland Park.
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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