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496 Carol Place
About This Property
The first floor features a versatile den that can serve as a home office or guest bedroom, a cozy living room with a fireplace, and an expansive dining room with tray ceilings. The dining room seamlessly flows into a stunning kitchen, complete with a built-in microwave, wine refrigerator, and a large counter bar ideal for casual dining. A convenient half bath is located just off the kitchen, with sliders leading to a raised porch and a spacious backyard perfect for entertaining.
Upstairs, the primary bedroom offers ample closet space and an ensuite bath with a luxurious stand-up shower, radiant heat floor, Bluetooth speaker and a towel-warming rack. Two additional well-appointed bedrooms share a beautifully designed hall bath.
The lower level is fully legalized by the Town and offers a rec room, additional living space, and a full bath-providing even more flexibility to suit your lifestyle needs. Please note that the square footage of the basement is not included in the total living area square footage. Outside, the large, level yard provides plenty of room for outdoor activities. All rooms are wired for cable and internet.
This home combines charm, functionality, and high-end finishes, making it the perfect place to call home!
Walking distance to Siwanoy Elementary Pelham Middle and High Schools. Walk to Pelham Manors' well known Four Corners Shopping area or walk to the heart of the Town of Pelham where there are shops, restaurants and Metro North for your 26 minute ride into Grand Central Station. As a Pelham Manor resident, you'll have exclusive access to the beautiful Shore Park, perfectly located along the Long Island Sound.
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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