383 Cistern WAY
About This Property
The gathering room serves as the home's heart, exuding warmth with a central fireplace surrounded by floor-to-ceiling stone and deep built-in shelving. Expansive windows flood the space with natural light, creating a bright and inviting atmosphere. The kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, a large island with bar seating, chic pendant lighting, and ample custom walnut cabinetry. The adjoining dining area is bathed in light, with a sleek fixture enhancing the space, perfect for meals and gatherings.
The primary suite is a tranquil retreat with natural light pouring in through vertical windows, offering serene backyard views. The en-suite bathroom impresses with dual vanities, an oversized walk-in shower with elegant tile work, and a spacious walk-in closet with custom shelving. Two secondary bedrooms at the rear provide privacy, while the third guest bedroom at the front has its own adjacent full bathroom.
Additional features include a dedicated home office, a massive laundry room designed for efficiency, a 4-car tandem garage with an alcove for storage or hobbies, and a beautifully landscaped backyard with a covered patio, ideal for outdoor living.
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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 |
|---|---|---|---|
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Price Decreased |
$874,900
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Nov 5, 2024 | Price Decreased |
$899,900
↓ $25K
(2.7%) | |
| Price Decreased | |||
| Oct 23, 2024 | Price Decreased |
$924,900
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Oct 4, 2024 | Listed by Bramlett Residential | $949,900 | |
| Listed by Bramlett Residential | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017