5 Southgate
About This Property
Upstairs, you'll find three generously sized bedrooms, a Jack-and-Jill bath, and a main bath. The master bedroom suite is a true retreat, complete with a tray ceiling, a luxurious full bath with dual sinks and a makeup area, a Jacuzzi tub, a shower, and a private water closet, office & super large walk-in closet. Custom moldings throughout the home add a touch of elegance to every room.
The fully finished walk-out basement features travertine tile floors, a built-in 6' wall safe, and a Safe/Panic Room for added peace of mind. The five-car garage is both heated and air-conditioned, with tiled floors for an immaculate finish.
Custom Window treatments with blackout shades, fence yard, Newer Trex deck, water system and UPS/Amazon Secure Drop box. Way to much to list.
This home is the perfect combination of luxury, comfort, and functionality.
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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