553 77TH Street
About This Property
The parlor level features a bright and sunny, south-facing living room with an open layout which flows seamlessly from the living room into the dining room. The tastefully renovated kitchen is located at the rear of the house and features stone countertops, stainless steel appliances, and custom cabinets. A powder room is also located on this levelfor convenience.
A door off the kitchen conveniently leads to the spacious, multi-level backyard complete with a charming back porch, bluestone patio, and astroturf play yard. This space is perfect for grilling, entertaining, or just relaxing after a long day.
The sun-filled upper-level features four spacious bedrooms with tree-top views, abundant closet space, a renovated bathroom, and a skylight that fills the space with natural light.
The fully finished walk-out lower level provides additional living space and currently serves as a playroom, home office, and recreation space. This level also houses the mechanicals and has a full bathroom and laundry room.
Additional features include split unit ACs throughout, gorgeous hardwood flooring, abundant storage space, ceiling fans, recessed lighting, all new electrical and plumbing, new windows, ceiling fans, and a renovated backyard patio and garden.
Conveniently located only 1.5 blocks from the nearest subway, and minutes to a variety of local shops, restaurants, and greenspaces, this home has everything you've been looking for.
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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