5 ASPEN
About This Property
Step inside to a dramatic two-story foyer flanked by formal living and dining rooms. The main level also features a private home office, powder room and an impressive family room highlighted by vaulted ceilings and a wall of windows overlooking the beautiful rear grounds. The spacious kitchen offers abundant cabinetry and counter space and flows seamlessly into a sun-filled breakfast area. An oversized laundry room with convenient exterior access completes the first floor.
Upstairs, the primary suite offers a private bath and walk-in closets, along with a versatile loft area ideal for a sitting room, second office, fitness space or additional lounge. Three additional generously sized bedrooms and a full hall bath complete the upper level.
The largely finished walk-out lower level adds tremendous living space with a recreation area, two additional rooms, full bath, workshop and plenty of storage-offering endless possibilities for guests, entertaining, working from home or extended living space.
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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