407 Cistern WAY
About This Property
Upon entering, the open-concept layout and upgraded construction details create a welcoming atmosphere. The gathering room features high ceilings, numerous windows, and a see-through gas fireplace with a floor-to-ceiling tile surround. Adjacent is a spacious dining area suitable for large gatherings.
The upgraded side patio and covered patio off the living area provide ample outdoor living space. The kitchen, with a long island and breakfast bar, offers ample counter space, a large pantry, and high-quality stainless steel appliances. An extended breakfast nook adds to the seamless flow for entertaining.
The luxurious owner's suite at the back of the home features large windows, high ceilings, and a massive walk-in closet with built-in shelving. The en suite bathroom includes a dual vanity, a walk-in shower with marble tile, and a water closet for privacy.
A guest suite with a private full bathroom and walk-in closet is located behind the kitchen. Two secondary bedrooms with large windows and walk-in closets share a full bath with dual vanities and ample cabinetry.
There's a large dedicated laundry room designed for maximum efficiency, equipped with abundant counter space and storage options, as well as a conveniently located powder bathroom near the shared living spaces for guests to use. The conversion from being used as a model home is currently in place, so the current driveway in photos is a rendering.
The beautifully landscaped backyard includes a covered patio for alfresco dining and a lawn area for outdoor activities.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | In contract | - | |
| In contract | |||
| Aug 24, 2024 | Price Decreased |
$914,900
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Aug 5, 2024 | Price Decreased |
$924,900
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jul 17, 2024 | Listed by Bramlett Residential | $949,900 | |
| Listed by Bramlett Residential | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017