35 Lee Avenue
About This Property
The flexible layout offers excellent potential for possible multi-generational living with proper permits or accommodating guests. Additional highlights include a new heating system, brand new roof, updated bathrooms, 1 car garage, and gleaming hardwood floors throughout. Set on an oversized property, the expansive yard provides endless possibilities, whether you envision outdoor entertaining, a pool, or simply enjoying the extra space. Ideally located just moments from local shops, restaurants, parks, and the LIRR, this home offers the perfect balance of charming Village living and modern convenience. Residents also enjoy exclusive Babylon Village amenities, including access to the Village pool, golf course, private sanitation services, and Town of Babylon beaches. WB Schools!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017