3628 BAY DRIVE
About This Property
The second floor offers a bright, open-concept layout with manufactured hardwood flooring, recessed lighting, a wood-burning fireplace, and a coat closet. Sliding doors open to a deck with beautiful water views. The kitchen boasts stainless steel appliances, a large island with built-in cooktop and hood, a deep sink, and an oversized pantry. This level also includes a fourth bedroom or office with backyard views and a conveniently located half bath near the front entry.
The third floor features three additional bedrooms, including the spacious primary suite with two walk-in closets, an additional closet, and dual sliding doors with water views. A full hall bath and a laundry room are conveniently located on this level.
Built just 10 years ago, this home shows like new and offers a dual-zoned HVAC system, with the lower-level unit replaced just one year ago.
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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