356 97TH Street
About This Property
The light-filled second floor features northern and southern exposures, a spacious living room, and a renovated kitchen with stainless steel appliances, stone countertops, an island, and custom cabinets. The windowed kitchen is open to the dining area and a French door at the rear of the home floods the space with natural light and offers an additional entryway to the oversized backyard.
The bright & airy third-floor features three spacious bedrooms with treetop views, abundant closet space, and a renovated, windowed bathroom.
Additional features include a garage and private driveway with parking for two cars, hardwood floors, recessed lighting, built-in shelving, and abundant storage space. Ideally located on a quiet, tree-lined street, two blocks from the R subway train and express bus stops, and close to the shops and restaurants on both Third and Fourth Avenues, multiple parks, greenspaces, and pickleball & tennis courts, this home is a special find! Come see it today and make it yours just in time to host a backyard BBQ!
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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