4707 Berkley
About This Property
This 3-bedroom, 2-bath residence features 1,228 sq ft of thoughtfully updated living space, including new drywall, upgraded insulation, fresh interior and exterior paint, and stylish new flooring throughout. The fully remodeled kitchen showcases a custom island with elegant marble quartz countertops, complemented by tastefully updated bathrooms and modern finishes.
Adding to its value, the property offers excellent ADU potential. The detached garage is partially prepared for conversion, complete with a separate breaker panel and electrical already in place ideal for creating an accessory dwelling unit for rental, multi-generational living, or guest accommodations.
Additional highlights include an RV-friendly driveway with two 30-amp power hookups (front and rear), water and electrical access along the west side of the property, and two 20-foot storage containers converted into functional sheds.
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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