845 Cherrystone LOOP
About This Property
Inside, the light-filled, open-concept floor plan offers a bright and airy layout that flows seamlessly, blending comfort with contemporary design. The spacious great room, with large windows, creates a warm and inviting atmosphere perfect for any occasion.
The kitchen showcases quality design with stainless steel appliances, rich walnut cabinets, speckled quartz countertops, and a large corner pantry for ample storage. The adjacent dining room is accessible from both the foyer and kitchen, ideal for everyday meals or entertaining.
The main level owner's suite is secluded at the rear for extra privacy, with elongated windows filling the space with natural light. The ensuite bathroom features an oversized glass-enclosed shower, dual vanities, and a private water closet, along with a generously sized walk-in closet.
Upstairs, a versatile second living space adapts to any use. Two spacious guest bedrooms with high ceilings, ceiling fans, and big closets share a large bathroom with dual vanities and ample storage.
A centrally located laundry room and powder bathroom add convenience on the main floor. Outside, a covered patio overlooks the landscaped backyard, perfect for relaxation or entertainment.
The attached 2-car garage is in the conversion process from its model home use, and the driveway in the photos is a rendering. The property has been professionally inspected, with a comprehensive report available in documents.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Price Decreased |
$364,900
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Nov 15, 2024 | Price Decreased |
$374,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Nov 7, 2024 | Price Decreased |
$379,900
↓ $15K
(3.8%) | |
| Price Decreased | |||
| Oct 25, 2024 | Relisted | $394,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017