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4704 6TH Avenue
About This Property
The inviting ground-floor entryway welcomes you inside, complete with convenient cubbies, hooks, shelves and drawers for storing coats, shoes, bags, etc. At right are sliding doors to an expansive family room/media room, currently used as a formal dining room brightened by tall bayed windows. Adorning the space are gorgeous herringbone-pattern hardwood floors with decorative borders, rich wood wainscoting and window/door trim, tasteful moldings, and a stately period decorative fireplace.
A large pantry connects the dining room to the meticulously-renovated eat-in kitchen tailored to the gourmet chef. Culinary quarters present lots of space for a dining table as well as a long built-in L-shaped bench for extra seating, sizable island/breakfast bar with Carrara marble countertops, tin ceiling, abundant cabinetry, and premium stainless steel appliances. Double glass doors open to an outdoor deck, perfect for morning coffee or evening cocktails. Stairs from the deck lead down to the generous private rear garden oasis with fencing, paver stones, trees and plantings.
The parlor floor, accessed by both the front stoop and interior staircase, features an exquisite living room graced by soaring ceilings, bayed windows with stained glass accents, hardwood floors, stunning moldings and details. Flanking the lovely decorative fireplace are built-in bookshelves spanning the entire wall. From here, pocket doors open to a huge dressing area lined with floor-to-ceiling mirrored closets. Beyond is the wonderful primary bedroom with a central fireplace and contemporary en-suite bath also accessed through the hallway.
On the top level you'll find 2 large bedrooms, 2 smaller bedrooms, multiple skylights, and an amazing shared full bath. The sink area has lots of storage and a side-by-side washer-dryer, connected to a separate room with a deep soaking tub, toilet, and walk-in shower behind glass.
Stunning Sunset Park is just a few blocks away, offering breathtaking views of the New York harbor, the Manhattan skyline, and captivating sunsets. The park boasts an Olympic-sized swimming pool, a well-equipped gym, a recreational center, an artificial grass soccer field, and a sprinkler park, ensuring ample opportunities for leisure and recreation. Further enhancing the appeal, the entrance to the beautiful waterfront park at the Bush Terminal at 43rd Street and 1st Avenue, as well as the popular Industry City, is only a 15-minute journey.
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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