35
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3871 Second Avenue
About This Property
Step into contemporary elegance with this 2-bedroom, 2-bathroom residence that redefines modern living. Premium luxury vinyl plank flooring flows throughout, creating a cohesive and aesthetic that transitions from room to room. This home features a chef-inspired kitchen, showcasing granite countertops paired with a tile backsplash. The spacious center island provides ample workspace and casual dining. The open-concept floor plan maximizes space and natural light, creating an inviting environment perfect for both intimate gatherings and daily relaxation.Thoughtful design elements throughout highlight the home's attention to detail and quality craftsmanship.
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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