542 78TH Street
About This Property
Welcome to 542 78th Street, an expansive semi-detached brick home on a picturesque, tree-lined block. This fully renovated townhouse is in impeccable move-in condition and is the pinnacle of modern comfort, offering central air, a private garage, a gorgeous backyard, and an architecturally designed layout.
The inviting entry opens to a bright and airy sunroom surrounded by walls of windows-providing a perfect mudroom with abundant storage. The open concept living/dining area features soaring ceilings, recessed lighting, and triple exposures (south, north, and west) that bathe the home in natural light. The renovated kitchen is a chef's dream with stone countertops, custom cabinetry, a large island with barstool seating, and premium stainless-steel appliances, including a Sub-Zero refrigerator and Viking range and hood. A sliding glass door leads to the backyard and patio, creating seamless indoor-outdoor living-ideal for entertaining, gardening, or simply unwinding.
Upstairs, four bedrooms await, each with oversized windows, treetop views, and generous closet space. The serene primary suite includes an en-suite bath, while a second renovated bathroom with dual sinks serves the additional bedrooms. The lower level offers incredible versatility with high ceilings, custom flooring, a full bath with soaking tub, laundry, and direct access to the backyard. Currently configured as a recreation room, it easily accommodates a home gym, children's play area, and media space.
Additional highlights include new hardwood floors, split-system units, abundant storage, Pella windows, and a private garage with additional parking.
Ideally located just 1.5 blocks from the nearest subway, and minutes to a variety of local shops, restaurants, greenspaces, and waterfront parks. This home is a special find. Call to schedule your showing today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017