435 Ivanhoe St
About This Property
The second story was taken down to a blank slate in order to raise and vault ceilings, relocate rooms, add bathrooms in order to provide a modern and practical layout. The primary bedroom has an en suite 5 piece bath with soaking tub and private terrace. A primary suite walk in closet and additional hallway storage are close to the upper level laundry room. Each of the three secondary bedrooms now have large sets of double door closets with built ins and direct access to a bathroom.
The 18 month long extensive process that was completed by Coggeshall to the highest level of quality. New HVAC, Sierra Pacific windows, additional insulation, re-wiring and re-plumbing have created a new home in a classic exterior shell.
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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