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5 Boulder Lane
About This Property
The entry level includes a remodeled powder room , a tv room and another room that can be utilized as a 4th bedroom or home office.. On the bedroom level, the primary suite features its own bath, plenty of closet space and there are two additional generously sized bedrooms with ample closet space, plus a renovated hall bath. Additionally, there is another playroom, laundry and storage downstairs from the entry level.
The magnificent house continues outside with a lovely covered front patio, 4 car driveway parking, new roof installed in 2025 and has a wonderfully sized oversized fenced in property with a large covered back patio entering from the tv room or kitchen and making it perfect for enjoying a quiet evening at home.
Attractive taxes of just under $25,000 not including STAR. Lake Isle Country Club membership available upon purchase offering 5 swimming pools, year round tennis and an 18 hole golf course.
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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