533 3rd St
About This Property
This 4-bedroom 1-bath home was recently renovated and features the following:
1st Floor Carpeted Living Room, Luxury vinyl plank flooring throughout the rest of the house. Dining room, Newly updated kitchen with painted sage cabinets, granite countertop; gas stove, refrigerator, and microwave.
2nd Floor: has 2-bedrooms and full bath. Master bedroom has over 12-feet of closet space with mirror closet doors, and ceiling fan.
3rd Floor has a bonus room and 2-bedrooms.
Basement: has work benches, Hi-Efficiency Boiler; and washer and 2-dryers.
Exterior provides a front porch and new rear deck.
Home Features: Newer windows and roof; new flooring and paint throughout; updated bath; new granite countertop; all new window coverings; new front and rear fiberglass doors; and a new cellar door. All rooms are large and move-in ready.
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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