Nestled in one of the area's most desirable communities. This home
has been thoughtfully upgraded from top to bottom, blending long
term durability with timeless style and comfort. From the
moment you walk in it is easy to see the level of care that has
gone into every improvement. The exterior enhancements,
structural updates and interior finishes all work together to
create a property that feels polished, practical and move-in ready
and is being sold furnished. Every major system has been
addressed and every detail contributes to a home that is both
beautiful and functional for everyday living or seasonal enjoyment.
Updates include: polybutylene piping replaced, electric up to code,
hot water moved to garage, a beautiful outdoor shower finished with
porcelain tile imported from Italy, nonslip tile in courtyard, new
gutters and gutter guards, extended lanai with raised floor and
removable windows, hurricane windows and door, remodeled primary
bathroom with newly remodeled no glass walk in shower, electric
hurricane shutters, remodeled kitchen with all wood cabinets,
enclosed closet in guest bedroom, plantation shutters, new
baseboards, paint, new epoxy on garage floor and more.
Furniture in both bedrooms is from Rob & Stuckey, dining room
table & chairs are from Tommy Bahamas and the lanai is from Elegant
Outdoor.
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.
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Address: 335 Madison Avenue, New York, NY 10017