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4855 Kensington Lane
About This Property
From the moment you enter, you'll appreciate the attention to detail and extensive updates throughout. The thoughtfully designed split-bedroom floor plan centers around a spacious great room featuring a newly refinished wood-burning fireplace with gas starter, creating a warm and inviting gathering space. French doors open to the large backyard and newly refinished patio, making indoor-outdoor living and entertaining effortless. The versatile bonus room provides endless possibilities and could easily serve as a fourth bedroom, home office, second living area, playroom, or hobby space.
The beautifully updated kitchen is filled with natural light and features new wood cabinetry, custom quartz countertops, a modern subway tile backsplash, and brand-new stainless steel appliances. With plenty of room for a work island, a separate dining area, and an open connection to the great room, this is a kitchen designed to be both functional and welcoming. The private primary suite offers a relaxing retreat with a separate dressing area, single vanity, walk-in closet, and completely updated ensuite bathroom featuring a new tub, toilet, and modern finishes.
No detail has been overlooked, with luxury vinyl plank flooring throughout, new exterior doors, fresh paint, updated finishes and fixtures, a brand-new roof (2026), new HVAC (2026), and new water heater (2026).
Step outside and discover what truly sets this property apart. The fully fenced backyard provides plenty of space to relax, garden, entertain, or simply enjoy your own private outdoor retreat. The newly refinished patio is ready for morning coffee, evening gatherings, and everything in between. For the hobbyist or craftsman, the property features two outdoor storage buildings, including a powered workshop with electrical hookup--a woodworker's dream and an incredible space for hobbies, projects, tools, or additional workspace. A second storage shed provides even more room for storage.
Beautifully renovated, exceptionally functional, and filled with spaces to create, gather, and unwind, this is more than a move-in-ready home--it's a place to create a life away from the ordinary.
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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