8 Noel Place
About This Property
Natural light fills every room, highlighting the beautifully refinished hardwood floors throughout the main level, hallways and all four bedrooms. Cozy up by the wood burning fireplace in the family room or enjoy the convenience of a dedicated workout space. Step outside to the fully fenced backyard featuring a paver patio and relax in the hot tub. Additional features include a whole house generator with plugin, updated electrical panel, inground sprinklers, and a one car garage with opener, adding convenience and peace of mind. Well maintained inside and out, roof approximately 10 years young.
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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