4 THORTON CT
About This Property
The gourmet kitchen features an iconic brick wall and new stainless steel appliances, plus granite countertops. Adjacent to the kitchen, the dining room boasts an open layout and plenty of natural light. Cozy up by the wood burning fireplace in the large, sunny family room with built-in bookcases and storage.
The owner's suite is an enormous space with a sitting area, a massive walk-in closet, and a bonus room, perfect for a nursery, office, or exercise room. The updated spa bathroom features a spacious walk-in frameless shower and a stand-alone soaking tub. Additionally, there are 3 nicely sized bedrooms on the upper level and an updated full bathroom.
The large open basement offers plenty of storage and a full bathroom, as well as a bonus room and an exercise area with mirrors. Step outside to a huge, flat backyard with a gardening area, a swing set (sold as-is), and a new fence. Recent upgrades include a new roof, gutters, flooring throughout, new dryer, upper level HVAC with dual zone, and new insulation. Don't miss out on this turn-key home!
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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%.
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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