7106 MEADOW LANE
About This Property
Upon entering the gracious foyer, you'll experience a warm and inviting atmosphere filled with natural light. To the left, there is a spacious office complete with built-in shelves, alongside a conveniently located powder room. On the opposite side of the staircase, you'll find a gracious formal living room with a fireplace, spacious enough to accommodate a grand piano. The ceilings on this floor are nearly 9 feet high, contributing to the home's airy feel.
Next, the generously sized family room addition features another fireplace, a wall of built-in shelves, and windows that provide views of the blooming gardens and terrace in the backyard. Following this, you'll enter a banquet-sized dining room that leads into a stunning gourmet kitchen designed by Jennifer Gilmer. This kitchen boasts a butler's pantry/bar area equipped with an icemaker, a walk-in pantry, dual sinks, dual dishwashers, a 6-burner Thermador gas range, a SubZero refrigerator, beautiful cabinetry, stone countertops, and glass-front display cabinets. A sunny breakfast area complements the kitchen, providing access to the two-car garage and the fenced backyard, which features lush, inviting gardens-creating a tranquil setting for gatherings or al fresco dining.
On the upper level, you will find three spacious bedrooms and two renovated bathrooms, including the owner's bath, which features heated floors and spa-like finishes. There is also a pull-down attic that offers additional storage space. Throughout the house, hardwood floors are present beneath the carpet.
The unfinished lower level includes a full bathroom, a laundry area, and a side entrance to the driveway-it is ready for your final touches to transform it into a recreational space, gym, or craft area. The home boasts several upgrades, including a new slate roof, repointed stone walkways and terraces, expansions to the kitchen and family room, a 3-zone HVAC system, and lawn sprinklers to keep the gardens lush. Additionally, there is a detached two-car garage-just a few of the fine details that make this home immaculate.
Showings for agents and their clients begin on Friday, October 3rd, at 5 PM. All other showings are by appointment only.
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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