4 Ferndale Boulevard
About This Property
The kitchen was fully updated in 2018 and features quartz countertops, cherry cabinets, stainless steel appliances, under-cabinet lighting, and a center island with wine storage. The open-concept dining area has sliders leading out to the entertainer's backyard.
Three spacious bedrooms include a king-sized primary with double closets. Both bathrooms were completely redone in 2018 with stylish tile and finishes.
The lower level with outside entrance houses the laundry closet, utilities, storage space and can be used as a family room. A true walk-up unfinished attic provides major potential for future expansion(with proper permits) Would be perfect for a home office, bedrooms, or other bonus space.
The private backyard includes a newer paver patio, gazebo, firepit area, raised garden beds, and a large shed. The driveway and paver walkway were redone just about a year ago.
Additional features: 200 amp electrical panel, gas heat with boiler (2014), hot water heater (2018), roof (2024), updated front and rear doors (2018), and central air. Natural gas from the street. Convenient to parks, shopping, and major roads.
Do not wait.
Please note: Elementary school is K-1 @ Wing Elementary, then 2-5 @ Maude Sherwood Elementary
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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