5008 Bennett Ave
About This Property
The generous and inviting covered front porch wraps around the alley side of the house through a private courtyard along the wall of Living Room windows and continues through a gate to the carport beyond. Patio doors provide easy access from the Dining Room to the alley side courtyard, and from the Kitchen to the Back Porch, carport, & private back yard.
The home's primary design feature is its exposed structure & warm natural wood ceilings throughout offset by museum quality ultra-white walls ready for your curated art collection. Upstairs are the secondary Bedroom/Office, full bath, a covered semi-private roof deck. A separate, covered private roof deck is provided for the Primary Suite.
Environmentally friendly features: deep overhangs protect energy efficient windows; use of recycled, recyclable, and renewable materials; natural fiber wall insulation; continuous insulative exterior sheathing with integral air infiltration barrier; low wattage LED lighting; natural gas cooktop, tankless water heater, & ducted mini-split heating and cooling. All interior walls & upper floors have cotton fiber insulation to minimize sound transmission between rooms.
All these design elements work together to create an environmentally sensitive home of lasting beauty that builds on the site's history and contributes positively to the neighborhood's character & sense of community. Architecture by Wingfield Modern, PLLC.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 12, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Price Decreased |
$699,000
↓ $21K
(2.9%) | |
| Price Decreased | |||
| Jan 15, 2024 | Listed by Twelve Rivers Realty | $720,000 | |
| Listed by Twelve Rivers Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017