4033 5TH ST
About This Property
This home is not just about luxury; it's also designed for practicality and convenience. A 20kw Kohler generator ensures peace of mind during power outages, while blown-in insulation in the attic and walls helps keep energy bills in check. Downstairs, a two-car garage with a storage room provides ample space for vehicles and belongings. For car enthusiasts, a detached two-car garage awaits, complete with a car lift, electric hoist for additional storage, and an EV charger outlet. This property stands out with its abundance of off street parking, a rarity in North Beach. Outside there is a patio surrounded by gardens and hardscaping providing additional entertainment space. Situated within walking distance to everything North Beach has to offer, including the new library, restaurants, shops, fishing pier and beach, and the bustling boardwalk, you'll never be far from the action. Plus, with mixed-use zoning, the potential for residential or commercial use adds versatility to this already remarkable property. Schedule your showing today and get the opportunity to make this exquisite property your own.
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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