53 Phillips Street
About This Property
Wood floors throughout, with a bay window in the living room framing Mount Beacon. Large fenced backyard in a quiet neighborhood-steps from the Mt. Beacon Trailhead, Greenway Trail, Fishkill Creek, and Beacon's 1.5-mile destination Main Street of boutiques, breweries, restaurants, the renowned Dia Beacon, Beacon schools, and the 72-minute Metro-North Hudson Line express to NYC. On the bank of the Hudson River.
Sellers are moving on but leave behind major upgrades and value-add:
• Solar system with net-zero energy bills and bi-directional EV-charging readiness
• New cedar fencing
• Spray-foam attic insulation
• Fresh interior paint
• Irrigated raised garden beds
Municipal road frontage. Municipal water & sewer. Delivered vacant at closing.
Dog-lovers and hiker's oasis.
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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