72 68th Street #0
About This Property
The first floor has an open plan layout that is bathed in sun pouring in from the skylight. The lighting fixtures throughout are a designer's dream.
The gleaming new kitchen has Carrera countertops and backsplash, shaker-style cabinetry in an elegant ash finish, all new stainless steel LG appliances and a porcelain tile floor.
A sliding door takes you out to a lavish, fully Trex-decked back yard, perfectly sized for entertaining many guests. Equipped with electric awnings, new lighting and a new fence, this a maintenance-free private outdoor space. The spa whirlpool and stone zen water fountain complete your own outdoor sanctuary.
Behind the yard you'll find a private gated community drive that brings you to your own garage and entrance to the back yard. Parking is never an issue with both an outdoor and in-garage spot.
The upstairs level has a master bedroom with a decorative modern fireplace. The two other bedrooms are currently used as a double office and a dressing room. The bathroom is outfitted in Carrera marble and modern Toto fixtures.
The basement level studio and office space is finished with a kitchen and full bath. This level is accessible from both inside and has its own exterior front door.
Within the last two years all the walls in the house were refinished, new floors and ceiling moldings were installed, interior and exterior doors and all windows were replaced. Also replaced were the roof, electrical system, water heater, air conditioning and heating system. A new security system with cameras, and an automatic garage door were installed. There is no detail overlooked in this move-in ready home. Few houses have been renovated like this, it is truly an extraordinary house.
Located in Bay Ridge, this home is across the street from Owl's Head Park and down the block from the harbor, its bike path and the pier. And now there is a ferry in addition to the express busses to Manhattan and the R train- multiple options for an easy commute.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017