453 Pine Tree Court
About This Property
pleasure in the completely modernized island kitchen with stone countertops & breakfast nook; offering a functional balance of quality, comfort and convenience.
Master suite and office are conveniently located on the first level. Guest rooms are on the second level sharing one full bathroom. Relax by the resort style pool surrounded by lush tropical foliage and the use of an outdoor wood-burning pizza oven Interior amenities include: Complete Hurricane impact windows & sliding doors, Brazilian Cherry hardwood floors throughout main level, wet bar with wine refrigeration, central vac, customized bedroom closets, surround sound in family room and dual screened patio, steam shower (with rain head) and separate jacuzzi tub in the master bathroom, in home salt water softner system, 5 inch baseboards, custom built in unit in family room with gas burning fireplace, volume ceilings in family room, extra storage closet under stairs: Exterior Amenities include: Chicago Brick Driveway, Natural Gas Lanterns flanking the garage and front door, poured concrete exterior walls, tankless gas water heater, outdoor gas pizza stove/oven, oversized attice with ample ceiling height, outdoor hot and cold shower & more! There is no HOA fee or required club memberships to live in this move in ready home. Notations: ** pool heater is not working** microwave does not convey, all soft draperies and hardware do not convey, foyer fixture does not convey.
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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%.
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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.
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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