404 JEROME AVENUE
About This Property
The main level masterfully balances distinct spaces, allowing formal dining and front living zones to flow into a central kitchen equipped with a prep island and eat-in area. Beyond the kitchen, the vaulted rear extension steals the show, utilizing wrap-around windows to bathe the home in gorgeous natural light.
Upstairs provides three generous bedrooms and three full baths. The primary suite is a true sanctuary, boasting an oversized walk-in closet and a spa bathroom featuring a standalone soaking tub, walk-in shower, and elegant lighting.
Maximize your living space in the fully finished lower level. Featuring a custom wet bar and proper egress window, this dynamic entertainment zone seamlessly doubles as a highly private fourth bedroom.
Step outside to a fully fenced, hardscaped yard centered around a sprawling premium composite deck, offering defined zones for summer hosting. Complete with a two-car attached garage and well-maintained mechanicals including dual-zone HVAC.
Enjoy the tranquility of a quiet neighborhood while maintaining incredibly quick access to BWI, interstates, and local shopping. Early July settlement preferred.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017