8 Melony Avenue
About This Property
The moment you pull up to this home, you're greeted by stunning curb appeal that immediately sets the tone for what lies ahead. When you step inside this home, you're instantly struck by its wow factor. Soaring high ceilings draw your gaze upward, while the stunning open-concept layout invites you in. At the heart of it all, a gorgeous fireplace serves as the perfect focal point, creating a space that's equal parts inviting and impressive.
Renovated and thoughtfully expanded in 2016, this home is designed for modern living. The chef's kitchen is a showstopper-complete with top-of-the-line stainless steel appliances-seamlessly connecting to the dining and living areas. Whether you're hosting vibrant gatherings or enjoying quiet family moments, this home is an entertainer's dream come true.
The first-floor layout is as functional as it is beautiful, featuring a tranquil primary suite with its own private bathroom, plus two additional bedrooms and a full hall bath. Downstairs, the full basement offers endless possibilities with bonus recreational space, a laundry area, and ample storage.
Venture outside, and you'll find your own private backyard retreat. The expansive paver patio is perfect for summer barbecues, alfresco dining, or simply relaxing amid the lush, landscaped surroundings.
This property boasts a prime location, just a short stroll away from houses of worship, vibrant restaurants, and excellent shopping destinations, offering both convenience and lifestyle. Plus taxes have been greived successfully and should be approx $3k reduction in October.
This Plainview treasure is a rare find-don't miss your opportunity to make it home!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017