344 SOPHIA Terrace
About This Property
New white kithen cabinets and goose neck faucet. Updated fixtures
Custom built Aurthur Rutenberg Concrete Block home. It checks ALL of the boxes. 4029 sf of casual luxury...PLUS 591 sf floored, unfinished bonus room w/bath pre-plumb. Soaring ceilings invite you into this beautiful home which is loaded with upgrades like step tray ceilings, heavy crown moldings new light fixtures and fans, fresh paint inside and out.... new architectural singled roof. installed 7/21/2020. ADDITIONAL FEATURES include a spacious First Floor bonus room, custom entertainment center in the family room, summer kitchen with gas grill & beverage cooler. The kitchen is open to the family room and breakfast room plus breakfast bar seating and Butler's Pantry with wine chiller
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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