73-07 Utopia Parkway
About This Property
Welcome to this spacious and well-maintained townhouse in a convenient Fresh Meadows location!
First Floor: Living room, dining room, half bath, and kitchen with new appliances.
Second Floor: Three bedrooms and a full bathroom.
Finished Basement: Fully finished with a separate entrance-ideal for a recreation room, home office, or additional living space.
Prime Location: Short distance to neighborhood parks and playgrounds, schools, colleges, shopping, transportation, and everyday conveniences.
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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.
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017