355 Locust Avenue
About This Property
355 Locust is an entertainer's dream in all seasons. The generously proportioned Dining Room is the perfect venue to host Thanksgiving Dinner, cooking in your 2016 gourmet Kitchen, while the oversized Living Room with its walls of windows overlooking the expansive backyard and sparkling inground pool can easily handle all holiday gatherings and birthday parties. In summer, sip rose and barbeque with friends on your flagstone terraces as the kids splash in the pool and play soccer in your very private backyard. This will not last! Additional Information: Amenities:Marble Bath,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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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