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85 Reed Avenue
About This Property
The property opens up to a gorgeous, expansive backyard, creating a serene outdoor oasis for both relaxation and entertainment. Step outside to the large flat backyard, an expansive outdoor retreat ideal for serene solitude or hosting lively gatherings.
Gather around one of the 3 cozy fireplaces, creating memories in the warm, inviting glow.
This remarkable home offers an exceptional layout with three spacious gathering rooms on the first floor, each radiating comfort and versatility. One of these rooms is uniquely designed to easily transform into a first-floor bedroom, providing convenient accessibility and flexibility to suit your lifestyle needs. Additionally, the presence of a full bath on the first floor enhances the functionality of this space, ensuring comfort and practicality for guests. Each bedroom offers a tranquil escape with ample space and light, while the bathrooms blend style and function with contemporary fixtures and finishes.
The spacious primary bedroom, complete with a luxurious en-suite, promising a private retreat for relaxation and rejuvenation. Adjacent to the primary bedroom is a versatile den, perfect as a home office, a cozy nursery, or a tranquil space to unwind after a busy day.
The property's proximity to schools, trains, and the bustling town center means your commute and errands become a delightful stroll through your friendly neighborhood. This residence is more than a house; it's a sanctuary where every day feels like a walk in the park. Make this Pelham Manor beauty your forever home and experience suburban living at its finest. Additional Information: Amenities:Soaking Tub,ParkingFeatures:2 Car Attached,
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Feb 5, 2024 | In contract | - | |
| In contract | |||
| Jan 23, 2024 | Listed by Capital Realty NY LLC | $1,575,000 | |
| Listed by Capital Realty NY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017