7200 CHAMELEON WAY
About This Property
Crafted with meticulous attention to detail, the home boasts sleek Thermador appliances, induction cooking, a spacious butler's pantry, and Lutron smart shades throughout. The expansive master suite offers a serene retreat with spa-like finishes, while each additional bedroom enjoys its own en-suite bath.
A rare find, the property also includes a private airplane hangar, a cooled garage, brand new septic system, and a new well-delivering both modern convenience and future-ready infrastructure. Uniquely, this property is the only one in the community confirmed by the HOA to have the potential for a private runway for small aircraft, offering a truly unmatched aviation lifestyle opportunity.
Designed for those who value privacy, luxury, and exceptional quality-all in a prime location.
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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