7351 Utopia Parkway
About This Property
The main level features a spacious living room, formal dining room, and kitchen with a practical and comfortable flow. The second floor offers two bedrooms and one full bathroom, including a generously sized primary bedroom.
The walk-in lower level features a separate exterior entrance, two additional rooms, one full bathroom, and direct access to the backyard, providing flexible space for recreation, a home office, storage, or other permitted uses.
Additional highlights include solid brick construction, beautiful hardwood floors, a private driveway, one-car garage, attractive front yard, backyard outdoor space, and low annual property taxes of approximately $7,166.
Conveniently located near PS 173 Fresh Meadow, JHS 216 George J. Ryan, and Francis Lewis High School, with easy access to Q31, Q65, Q45, Q46, and Q30 bus lines. The F subway line is just a short drive away. Close to shopping, restaurants, everyday conveniences, and only minutes from St. John's University.
A rare combination of School District 26, all-brick construction, low taxes, private parking, garage, outdoor space, and a versatile walk-in lower level in the heart of Fresh Meadows. Don't miss!
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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