41 Green Street
About This Property
Enter the property through the teak wood gates into the homes courtyard of peacock pavers and lush landscaping. The signature 10ft robin's egg blue door welcomes in guests to the home's grand entryway and first floor living area. The first floor living room complete with wet bar with wine fridge, a double bunk room, 1 1/2 baths and this floor's laundry facilities finish out this space.
Take the grand staircase with custom wood railing to the second floor where you'll find another 2 bedrooms and bunk room, each with their own baths, a sitting area, the main living and dining area and a well-appointed kitchen with Wolf and Subzero appliances, marble waterfall island, grand vent hood. The living area is finished beautifully with one of the home's 2 gas fireplaces, and wall of sliders opening to an expansive south-facing deck.
The 3rd level of the home holds the Gulfview master bedroom and bath, a 3rd living room, as well as 2 more bedrooms and a bunk room all with their own full baths. The 3rd floor living space and master both open to another deck spanning the width of the home that offers Gulf views and a spiral staircase that takes you to the 4th floor viewing deck. Here you have the pinnacle of high elevation panoramic views of the emerald green Gulf waters.
With plenty of room for guests to gather together or retreat, and the gorgeous Gulf beaches just a few steps away, you have all the relaxation and entertainment here to graciously host your family and friends. And with yearly rental projections all over $300K, this investment opportunity is one you won't want to miss!
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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