67 Burtis Street
About This Property
Inside you'll find hardwood floors throughout and numerous upgrades, including updated electric, modernized bathrooms, updated utilities, 4 zones of gas heating, two zones of central air-conditioning and central vacuum system.
The main level features a formal dining room, a spacious living room with a wood-burning fireplace a powder room, and a versatile bonus room- perfect as an office or den.
Upstairs, enjoy three spacious bedrooms, each with custom closets and a beautifully renovated full bathroom. A walk-up finished attic creates a third-level bonus room offering additional living space.
The full finished basement includes an immaculate laundry room, utility room, two oversized storage closets and a walkout for easy access to the backyard.
Conveniently located within walking distance to the Westwood LIRR train Station for an easy commute to Manhattan, just minutes from major parkways, great shopping and fine dining. Residents also enjoy access to the community pool and recreation center, all within walking distance.
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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%.
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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