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525 OPUS AVENUE
About This Property
The classic brick exterior adds warmth and durability, while the property's traditional architectural details create a timeless sense of charm. Situated on a generous 0.16-acre lot, the property also offers outdoor space that can be transformed into your own private retreat.
**Seller is offering a $10,000 credit toward paint and flooring repairs**, giving the new owner an excellent opportunity to personalize and enhance the home.
Whether you're hosting guests, enjoying the finished basement, or relaxing in the comfort of your own space, this home offers a wonderful combination of character, flexibility, and potential. Don't miss the opportunity to make this property your own!
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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