This renovated residence offers an impressive configuration of four
bedrooms and two and a half bathrooms, complemented by a two-car
garage. The home showcases a wealth of modern upgrades and
enhancements that elevate its appeal. The property features a newly
installed white seamless roof, completed in 2024, ensuring both
durability and aesthetic integrity. A new fence was installed in
2026, accompanied by a substantial investment in landscaping
enhancements between 2021 and 20 26. Notable elements include
artificial grass and a dedicated chipping and putting green,
finalized in 2026, as well as over 25 low-voltage lights adorning
every palm tree. The residence is equipped with impact windows and
doors, installed in 2023, providing superior protection.
Additionally, the garage door is hurricane-rated, having been
upgraded in 2022. The outdoor kitchen is designed for functionality
and enjoyment, featuring a flat grill, insert grill, wine cooler,
and two additional drink coolers. The area is enhanced by granite
countertops and includes a separate sub-panel plumbed for gas, with
a quick connect feature for a pizza oven. The pool underwent
resurfacing in 2021, featuring elegant travertine decking. A new
variable speed pool pump and heater, equipped with a wireless
Pentair system and adjustable fluorescent lighting, are scheduled
for installation in 2024. The interior has new flooring, installed
in 2024, alongside full-core doors replaced in 2023 and updated
kitchen countertops and cabinets from 2021. The presence of a gas
stove and an owned 250-gallon propane tank enhance the kitchen's
utility. The bathrooms received updates in 2021, featuring Serena
Lilly wallpaper. The residence also includes a gas fireplace
(installed in 2021), an air conditioning system (updated in 2021),
and a tankless water heater set for installation in 2025. The
garage has an epoxy floor, completed in 2023, with updated fans,
lighting, and fixtures installed in 2021. A hardboard shed,
featuring a new metal roof, was updated in both 2021 and 2023. This
property exemplifies a harmonious balance of modern luxury and
practicality, making it an ideal investment for discerning buyers.
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.
Appliances: Cooktop, Dryer, Dishwasher, ENERGY STAR Qualified Dishwasher, Gas Cooktop, Disposal, Gas Range, Ice Maker, Microwave, Oven, Range, Refrigerator, Water Heater, Wine Refrigerator, Washer
Flooring Type: Ceramic Tile, Vinyl, Wood
Door Features: French Doors
Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
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Address: 335 Madison Avenue, New York, NY 10017