817 BARRETT AVENUE
About This Property
The kitchen features stainless steel appliances, granite countertops with breakfast bar, tile backsplash, and dedicated table space. A sliding door opens to the patio and fully fenced backyard, a fire pit perfect for gatherings, pets, and play. The oversized shed-complete with electric-offers fabulous flexibility for storage, a workshop, or home gym.
The main-level primary suite includes a private bath and a spacious walk-in closet, creating a true retreat. A convenient half bath and laundry area complete the first floor. Upstairs are two additional bedrooms and a full bath. This home is filled with natural light throughout the day.
Sitting on three total lots, this property provides generous outdoor space and off-street parking for up to four vehicles. The community offers a voluntary membership to the Mago Vista Area Civic Association for just $25/year, which includes neighborhood events and activities. Residents also enjoy community beach access through Belvedere Heights. Quarterly water/sewer is approximately $150, and trash pickup is included in the taxes.
Lovingly maintained and Turnkey!!
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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