3700 Pheasant Ln
About This Property
Frazier built this home for himself. A classic double door entry opens up to a large foyer with Vermont slate floor. There is a large kitchen with newer appliances and an eat-in area. The dining room opens up to a sunken living room with a marble gas fireplace and cathedral ceiling. The kitchen, living and dining rooms all have floor to ceiling windows. Hardwood floors throughout the 1st floor. Large master suite has a 10x10 walkin closet, built in vanity and spacious bathroom. Other 1st floor bedrooms are nicely sized. Lower level has a huge family room with a gas fireplace, sliders to the back patio, a large bedroom, half bathroom, laundry room and a bonus room that is fully applianced with a unique custom made bar. Other features are: all windows have custom blinds, the roof is about 6 years old, new 200 amp service, all wires are underground, newer water heater, separate furnaces for each floor and central air.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 29, 2023 | Sold | ||
| Sold | |||
| May 1, 2023 | In contract | - | |
| In contract | |||
| Mar 6, 2023 | Listed by WARREN REAL ESTATE (FRONT STREET) | $375,000 | |
| Listed by WARREN REAL ESTATE (FRONT STREET) | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017