840 SE 59th STREET
About This Property
This residence offers generous living spaces across two levels, providing room for both relaxation and entertainment with office space, formal dining, plus a family room with a fireplace. The well-appointed kitchen is a culinary masterpiece, featuring a breakfast nook area looking over the pool area. The oversized owner's suite is a private retreat, offering an oversized closet, a private outdoor changing room, an outdoor shower, and access to the pool.
Enjoy the breathtaking views from this elevated spot, overlooking the pond, providing a sense of serenity and seclusion. The picturesque pond adds charm and tranquility to your outdoor haven. Imagine lazy afternoons spent fishing by the edge of the water or hosting delightful picnics with family and friends. The pond not only enhances the property but also invites moments of relaxation and reflection.
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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