7232 GRINNELL DRIVE
About This Property
As you enter the home, the large foyer opens to the living room which adjoins the separate dining room and both of these rooms are flooded with natural light throughout the day. The main level also includes a large remodeled kitchen with stainless appliances, upgrade cabinets, and granite countertops as well as a separate breakfast area for casual dining. A family room with a wood burning fireplace and built-ins is off the kitchen and french doors from the family room lead to a big open screened porch off the back of the house; both perfect for casual living or entertaining. The main level office could serve as a main level bedroom, if needed, making it the 6th bedroom. A laundry/mud room with garage access off the kitchen, and a powder room and coat closet in the foyer complete the main level. Hardwood floors throughout most of the main level.
As you make your way to the upper level you will find an extremely large Primary Bedroom Suite complete with a very generous dressing/sitting room with double vanities and a wall of closets, along with an en suite Primary bathroom with a jetted tub, separate shower as well as a vanity and linen closet and newer toilet. So much space to work with. Bedroom #2 has its own en suite full bath and Bedrooms #3, #4, and #5 share a full bath in the hall.
The spacious lower level recreation room with recessed lighting and windows offers countless options for additional living space, a 4th full bath and a storage/utility room, as well. Access to the crawl space is from the lower level too.
Roof 2005, Gas Furnace 2015, AC 2021, Gas Hot Water Heater 2015, Kitchen remodel 2003 and lots of love and tlc since 1987 from the original owners. It's all right here and ready to go now!
Please submit any offers by 5 pm on Monday 2/26 for seller review-Multiple offers received
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2024 | Sold | ||
| Sold | |||
| Feb 27, 2024 | In contract | - | |
| In contract | |||
| Feb 24, 2024 | Listed by RE/MAX Realty Group | $800,000 | |
| Listed by RE/MAX Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017