5 Mill Court
About This Property
This sun-filled three-bedroom end-unit enjoys desirable southern exposure, flooding the home with natural light throughout the day. The spacious living and dining areas feature an open-concept design that is ideal for entertaining, highlighted by a cozy wood-burning fireplace and direct access to a private terrace perfect for summer barbecues and outdoor dining. The updated kitchen offers rich wood cabinetry, stainless steel appliances, a pantry, and a bright breakfast area.
The impressive primary suite features soaring 16-foot lofted ceilings, a generous walk-in closet, and a luxurious five-piece bath complete with a jacuzzi tub. The versatile lower level provides additional living space for a family room, home office, gym, or guest area, and opens directly to a private deck. Additional highlights include a full-size attic with exceptional storage capacity and an updated HVAC system.
Enjoy maintenance-free living with no snow shoveling or landscaping responsibilities. With a community pool, walkability to town, and pet-friendly policies, this exceptional Stonegate residence offers the perfect blend of comfort, convenience, and lifestyle.
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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