70 Longview Drive
About This Property
Enjoy three levels of sun-filled rooms with fabulous views of the lake on which the yard is situated, then walk outside to your own hidden backyard oasis: a west-facing retreat in which you'll be treated to sunsets regularly.
While this property is peaceful and unique, the surrounding neighborhood is a vibrant suburban community situated within walking distance to the elementary school, playground, local shops, and a natural grocery store. Easy access to all major highways seals the deal on this rare gem.
Please see documents for all upgrades within the last 5 years.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017