662 Cr-1
About This Property
Enter into a world of elegance where expansive living areas effortlessly blend modern design with rustic charm. The open-concept layout allows for a seamless flow between the living, dining, and kitchen spaces, creating a welcoming atmosphere for gatherings of any size. Large windows flood the home with natural light while offering breathtaking views of the surrounding landscape.
The kitchen, a haven for culinary enthusiasts, is equipped with generous counter space, making meal preparation a delight. Adjacent to the kitchen, the dining area offers a perfect spot for both casual meals and formal dinners.
Retreat to the master suite, a true sanctuary featuring a luxurious ensuite bathroom. Each additional bedroom provides comfort and privacy, ensuring every family member has their own personal retreat.
The fully finished basement has 2 bedrooms and 1 bath. A wood burning stove, and radiant floor heating. A private entry for guests and currently can be used as an Airbnb for additional potential income.
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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