7321 HOOKING RD
About This Property
The mirrored foyer leads to a spacious living room with a floor-to-ceiling brick fireplace and a wall of windows that bathe the room in natural light, offering great views of the private backyard. The formal dining room is perfect for hosting dinner parties and special family gatherings. Both the living room and dining room feature vaulted ceilings.
The gourmet kitchen is a chef's dream, boasting natural wood cabinets, granite countertops, and a center island with a breakfast bar. The breakfast nook has lovely views and sliding glass doors leading to the front courtyard. There's also a sunroom with a wall of windows and sliding glass doors to the backyard. The large family room includes a raised hearth brick fireplace, a wet bar, and sliding glass doors to the back patio. Additionally, the main level features two bedrooms, a full bath, and a laundry room.
Hardwood floors extend throughout the upper level. The master suite is a true retreat with a dressing room that could serve as an office nook and an en suite bathroom. There are two additional bedrooms and a full hall bath.
The finished basement provides extra living space with a large recreation room, two storage closets, and a wine room with a bar. The beautiful and private backyard is an entertainer's paradise with mature trees and plenty of space.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017