18
Map
420 Lewis Avenue
About This Property
Upstairs, you'll find three generously sized bedrooms, each with excellent closet space, and a full bath. A skylight brightens the stairwell with natural light. The primary bedroom stands out with a spacious walk-in closet and oversized floor-to-ceiling windows, offering stunning views of the neighborhood. The finished basement provides even more living space with a full bath, ample storage, and a laundry closet equipped with a washer and dryer.
The garden unit has 2 nice sized bedrooms and a bathroom, and is ideal for generating rental income.
For added comfort and convenience, the home features a fully integrated central AC system and a dedicated ADT wireless security system. Located just two blocks from the A (express), and C trains at Utica station, Fulton Park, and steps away from local favorites like Peaches, Boca Santa, and LunAtico, this home is perfectly positioned for both relaxation and city living.
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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