545 DONALDSON AVE
About This Property
The home's interior is filled with natural light thanks to numerous skylights and includes many convenient pocket doors on both levels. A solarium with a relaxing hot tub is accessible from the master bedroom, offering a private retreat. The gourmet kitchen features a granite island with a downdraft range, custom cabinets housing a double wall oven, and a cozy breakfast bar adjacent to a fireplace, making it the heart of the home. The open floor plan is enhanced by recessed lighting, built-in features, and large walk-in closets. The master suite is thoughtfully designed with two closets and direct access to the solarium.
The basement is an entertainer's dream, with a spacious game room, a pool table, and a 15-foot wet bar. Several doors lead to storage rooms, a workshop, and unfinished areas, allowing for flexible customization. With its size and amenities, this home is perfect for hosting gatherings of all sizes. Although the property requires some work, its potential is undeniable. With the right updates, this home could easily exceed a value of $1 million, offering substantial equity for the right buyer.
This extraordinary property is listed below market value. Please schedule showings with a minimum of two hours' notice and be respectful of the owner and occupants. Don't miss this rare opportunity to bring your vision to life in a home that offers limitless possibilities.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 21, 2024 | Price Decreased |
$760,000
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Nov 22, 2024 | Listed by Pearl Properties Realty LLC | $785,000 | |
| Listed by Pearl Properties Realty LLC | |||
| Jun 8, 2020 | No longer available | - | |
| No longer available | |||
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About Severn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017