8419 Fort Hamilton Parkway
About This Property
Welcome home to this beautiful and spacious property that has the perfect combination of tasteful modern renovations and lovely restored original details. There is an established income-producing garden level business and an owner's duplex above. This home offers some unique and hard to find amenities. The sprawling open kitchen with skylight is fit for a chef and perfect for entertaining large parties with easy access to a private garden lined with weeping cherry trees and Travertine stone tiles
Theres plenty of space for grilling, eating or just relaxing. Or spend a quiet evening dining next to the wood-burning fireplace uniquely placed in the heart of the kitchen landscape.
Off the kitchen is an open and large living room with plenty of space for an office or dining room in addition to a large family-gathering area. Very bright, it has a modern feeling with steel bookcases, earth-friendly bamboo flooring that has been fully renovated, with new molding and attention to detail.
Upstairs, youll find 3 spacious bedrooms, fully renovated bathroom complete with Italian marble tile and Hansgrohe bathroom fixtures. Off the master bedroom, there is a lovely sitting room with wall to wall to windows that serves as a spacious library and quiet space. Each room contains the original parquet flooring and doors with original hardware.
The home has been outfitted with Friedrich split system air conditioning units on both floors. No need for noisy and inconvenient window AC units!
Another unique aspect is the private driveway plus garage that fits fours cars with room to spare The driveway was paved last year, and the entire home has been re pointed with the last 3 years.
This multi-use home also has a current office tenant that pays $2000 per month in rent.
Located two blocks from the R train and moments from 5th Ave dining and 86th street - a convenient and relaxing oasis right in the middle of Bay Ridge.
Viewings available by appointment.
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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