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8516 PADDOCKVIEW DRIVE
About This Property
and deck /patio area of the pool, poolhouse with entertainment room and full bath, fenced backyard--perfect flow for entertaining!
Upstairs are four bedrooms and two full bathrooms. The huge primary bedroom features a peak of sunshine from the skylight, a walk-in closet, and an en suite bath with a dual vanity, free standing tub, separate shower and stunning mable and imported tile. The original owner's bedroom has an updated with new carpeting and paint. Three additional huge bedrooms are also well-proportioned with nice huge closets. The fully finished lower level of the home boasts a theatre room with surround sound, movie lighting, and theatre sitting all of which convey. The recreation room on the opposite side has new lux woodgrain vinyl planks. The fifth bedroom, closet and another full bathroom finish the basement area. Exit from basement is into the oversized garage. Plentiful storage in basement and in garage. The extensive walkways, patio, entrances are nicely highlighted with illuminating exterior lighting. The pool house also has an attached shed to store pool and lawn equipment.
Refreshing cold well water is the best tasting water so need to buy bottled water.
This home features:
Over $80,000 in recent renovations
Two full complete zone HVAC systems.
Connection and wiring box for a back-up generator
Newly remodeled Gourmet kitchen with white cabinets and Quartz countertops, new flooring and recessed lighting.
Fully painted throughout
New carpeting on the upstairs level
2 full sets of washer and dryers on the Main level and Bedroom level
New Eufy security system monitors the exterior including the pool and alerts the owner
Solar lighting and extensive landscaping
Architectural Shingles and oversized gutters with gutter guards
Circular Driveway and drive for over 15 cars plus an over sized 2 car garage.
Note: Seller is also selling most of the remaining contents including patio/deck furniture
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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%.
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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.
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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