7070 GARDEN WALK
About This Property
To the left of the foyer is a private study, while to the right is the formal living room, where oversized windows fill the space with natural light. Plush carpeting flows seamlessly into the formal dining room, highlighted by a chair rail, a classic chandelier, and a beautiful bay window. The heart of the home is the bright and beautifully appointed eat-in kitchen, featuring stainless steel appliances, an island with bar seating, quartzite countertops, pendant lighting, white subway tile backsplash, a pantry, and crisp white cabinetry. A cozy breakfast room provides the perfect spot for everyday dining and offers exterior access along with entry to the convenient laundry room. Just beyond the breakfast area, and subtly defined by a guard rail overlook, is the spacious family room, anchored by a dramatic floor-to-ceiling brick gas fireplace that creates a warm and welcoming gathering space. A powder room completes the main level.
Upstairs, the home offers four comfortable bedrooms, all with plush carpeting, and two full bathrooms. The primary suite is a relaxing retreat featuring a tray ceiling, two closets (one being a walk-in), and a private sitting room. The spa-like ensuite bath showcases a striking jetted soaking tub positioned front and center, dual vanities, a tray ceiling, a separate glass-enclosed shower with beautiful tilework, and a private water closet. One of the secondary bedrooms also includes a charming sitting nook-perfect for a desk or reading space-and double closets. The fully finished walk-up lower level expands the living space with an expansive recreation room, two storage rooms, and a rough-in for a future full bathroom, offering endless possibilities for customization.
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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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About Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017