43741 PARAMOUNT PL
About This Property
From the moment you arrive you will feel welcome as you enter the foyer which is flanked by formal, yet inviting, living and dining rooms.
The kitchen has white 42" cabinets, stainless steel appliances, gas cooking, a shiplap island, quartz counters, a spacious pantry and it opens to the casual dining area and family room.
The family room features a gas fireplace with stone surround and mantle and opens to the kitchen and casual dining areas. The main level also has a main level study with custom built ins, a powder room and full laundry room.
Upstairs, there are 5 spacious bedrooms and 3 full baths. The primary bedroom has a tray ceiling and features a luxe primary bath with double vanities, vessel tub, glassed in shower, water closet and a spacious walk in closet. Spa-like indeed!
The lower level features a recreation area, billiards area, full bar, full bath, 6th bedroom (currently used as a home gym), mechanical room and storage.
Outdoor living includes a spacious screened in porch, sundeck with cafe lights in the shade tree and a flat & fenced back yard.
This location provides optimal access to shopping, dining, commuting and so much more!
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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