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3703 34TH STREET
About This Property
Inside, the home feels bright and airy, anchored by warm hardwood floors and a beautifully updated kitchen. The main level is designed for modern living, boasting a light-filled office and a thoughtfully re-imagined side entrance that leads to a clever laundry and powder room. Upstairs, you'll find two comfortable bedrooms and an updated hallway bathroom, all reflecting the sellers' eye for detail and design.
The lower level offers even more flexibility with a fully finished walk-out basement that includes a full bathroom and plenty of space for a bedroom or a spacious recreation room. The true standout, however, is the massive, level backyard with shed for storage/workshop. This rare, expansive outdoor oasis is perfect for gardening, weekend gatherings, or simply enjoying your own private retreat in the city.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017