7019 MACARTHUR BOULEVARD
About This Property
This two-level dwelling possesses the unmistakable hallmarks of classic mid-century-style: cathedral ceilings, extra- large picture windows and open spaces. The house also features a spacious balcony/deck suitable for entertaining dozens of guests and providing serene views of the woods.
While carefully preserving the authentic look of the house, the owners have performed an array of improvements over the years, inside and out, among them: installed custom Pella wood frame windows, etched glass and/or mirror accented doors, replaced the roof (plus added modern insulation), re-insulated the walls, replaced two HVAC units and added a split AC/heat pump for bedrooms, as well as a tankless water heater; upgraded the electrical panel and installed a central vacuum. All kitchen and laundry appliances were also upgraded (full List of Improvements is in the Documents section of this listing).
Come see this gem of a house! It promises an opportunity to live in harmony with nature and modern living space in one of the region's most desirable enclaves.
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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.
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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