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522 Melody Dr
About This Property
One of the standout features of this home is its breathtaking city views, which can be admired not only from the backyard but also from inside the home. Imagine enjoying your morning coffee or evening meals while taking in the stunning vistas from the kitchen or living area. At night, the city lights twinkle, creating a peaceful and picturesque setting that adds a unique touch to this already delightful property.
Inside, the home retains much of its original character with original, beautiful hardwood floors, while the windows have all been replaced for energy efficiency! The eat-in kitchen offers a cozy space for family meals, while the primary bedroom features an en-suite bath, providing both comfort and convenience. The original, charming tile work in the bathrooms adds a nostalgic touch that ties into the home's mid-century roots, making it a perfect blend of classic style and modern amenities. Whether you're seeking a serene retreat or a place with room for all your projects, this home is a must-see.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Sep 21, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by Legacy 100 Real Estate Partners LLC | $480,000 | |
| Listed by Legacy 100 Real Estate Partners LLC | |||
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This exquisitely maintained brick ranch is a perfect blend of charm and functionality, offering an array of features that make it truly special. The spacious four-car garage is a dream for hobbyists, car enthusiasts, or anyone needing extra storage and workspace. In the expansive backyard, you'll find two useful sheds-one equipped with 220 power and an included compressor, providing the perfect setup for a workshop. As an added bonus, patio furniture and some tools are also included, making it easy to enjoy outdoor living from day one. There are two large parking areas, one next to the driveway and one in the back with a separating gate for all of your toys, too!
One of the standout features of this home is its breathtaking city views, which can be admired not only from the backyard but also from inside the home. Imagine enjoying your morning coffee or evening meals while taking in the stunning vistas from the kitchen or living area. At night, the city lights twinkle, creating a peaceful and picturesque setting that adds a unique touch to this already delightful property.
Inside, the home retains much of its original character with original, beautiful hardwood floors, while the windows have all been replaced for energy efficiency! The eat-in kitchen offers a cozy space for family meals, while the primary bedroom features an en-suite bath, providing both comfort and convenience. The original, charming tile work in the bathrooms adds a nostalgic touch that ties into the home's mid-century roots, making it a perfect blend of classic style and modern amenities. Whether you're seeking a serene retreat or a place with room for all your projects, this home is a must-see.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017