4 Wallace Place
About This Property
Original hardwood floors were newly refinished. Entire house was freshly painted with updated kitchen. Kitchen has new tile floor and new oven.
The full bathroom has been updated as well. There are new tiles, tub was refinished, new fixtures and painted. Owner just updated toilet/plumbing lines, replacing with new plumbing to sewer and added Picote coating on sewer line, costing thousands of dollars.
Brand new clothes dryer in basement and plenty of storage space. Stunning garden; blooms several times per year (roses, lilac trees, lilies, butterfly bush, hydrangeas and so much more.)
Quiet neighborhood with newly paved roads and updated gas lines by Con Ed.
Close to schools, parkway, train and shopping. Taxes are without star . Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017