48 PINE STREET
About This Property
From the moment you arrive, you'll notice the striking two-tone vinyl siding in dark and light gray, a perfectly sized covered front porch, and a bold black Craftsman-style front door that sets the tone for what's inside. Step into the cozy living room and be wowed by the tall cathedral ceilings, complete with built-in lighting and a custom ceiling fan that enhances the open, airy feel. Adjoining the living room is the spacious kitchen, featuring white Craftsman style cabinetry, stunning granite countertops, and a contrasting dark center island that doubles as additional seating, perfect for casual snacks, quick meals on the go, or intimate dining. The kitchen continues the cathedral ceiling design with ample built-in lighting, making the space feel bright, open, and anything but claustrophobic. A beautiful double window above the sink allows natural light to pour in and highlights the stylish arched black faucet, creating a stunning contrast against the cabinetry and countertops. The primary bedroom offers warm, neutral luxury vinyl flooring that complements any decor style, along with high vaulted ceilings and overhead lighting that truly showcase the space. The adjoining primary bathroom is equally impressive, featuring a white double vanity with elegant countertops, custom luxury vinyl flooring, and a large double shower stall accented with sleek black shower doors. An additional storage cabinet between the dual vanities provides the perfect setup for a his-and-hers layout or extra linen storage. Throughout the home, you'll notice two-panel interior doors with black hardware, adding a refined touch of class and elegance. The second bedroom offers generous closet space and easy access to another full bathroom that maintains the same cohesive color scheme, white vanities, light gray countertops, beautiful flooring, and modern lighting above the mirrors. The laundry/mudroom is both stylish and functional, featuring a gorgeous built-in coat rack, shelving, and seating, ideal for entering through this space and keeping coats and shoes neatly tucked away. This room also will house your washer, dryer, and the hot water tank, while still providing plenty of room for daily necessities. There is truly more than enough space here, and one lucky buyer will have the opportunity to call this stunning home their own. Come see everything this home has to offer, you won't want to leave 48 Pine.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017