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3393 Simms St
About This Property
Upstairs, you will find three spacious bedrooms and two bathrooms. The primary suite comfortably accommodates a king bed and features a private en suite bath, while a beautifully updated full bathroom serves the additional bedrooms. Thoughtful design and beautiful flooring carry throughout the home.
The previous owner, a skilled woodworker, crafted custom built-ins that add both character and functionality throughout. The main level offers a generous living room that flows seamlessly into the dining area and a chef's kitchen complete with luxury appliances.
Step outside to your expansive deck and backyard, an entertainer's dream. Enjoy a built-in outdoor kitchen, fire pit, large flat lawn, six-foot privacy fence, and hot tub, all creating a private and inviting retreat.
The walkout lower level offers a striking, moody bar and spacious family room lined with reclaimed wood, along with a dedicated office space. This level also includes a mudroom, laundry room, and access to the oversized two-car garage. A stunning three-quarter bathroom with high-end finishes completes the space.
This home is truly one of a kind and even more impressive in person.
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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