3535 Gardenia Avenue
About This Property
The home is entered through the original paneled door with peep hole and into the entry vestibule with coat closet. The living roof is spacious and features a mantel with electric fireplace. The light filled kitchen has a delightful breakfast area and classic kitchen with garden window, glass fronted cabinets and vintage stove. The separate laundry room has a side entrance to the rear patio. The guest room faces the front of the home and has a walk-in closet. The hall bath has been remodeled with vanity sink, stall shower and stand alone tub. The primary suite was extended in 2014 and is extremely spacious. It has 2 walk-in closets, a bay window with a seating bench with storage and a private bath with shower. A long pull up driveway has gated parking leading to the garage. The oversized 2 car garage was designed as a workshop and has 220v outlets, multiple sources of power and compressed air hook-ups. The rear yard has a wide expanse of lawn, planting areas and a large storage shed. Behind the garage is a large concrete pad for a boat, RV or additional cars. The parking pad is accessed by a large rolling gate with alley entry. This home has air conditioning, a newer roof, energy efficient dual paned windows and copper plumbing.
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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 |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $949,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017