8518 Arcadia Avenue
About This Property
The walk-in foyer showcases high ceilings, crystal chandeliers, a spiral staircase with custom wrought iron raining, formal living room and dining area with hand painted mural. Kitchen come equipped with Viking stainless-steel built in appliances, marble backsplash, walk-in pantry, quartz counters, and island work space. The back yard has an additional 340 square feet patio with a built in stainless steel BBQ, professional gas range, quartz counter tops and plenty of room for play.
The spacious upstairs master suite has a walk-in closet and an elegant bathroom with Italian marble floor, double sinks, Jacuzzi tub, and steam shower. The wonderful features don't stop there! With custom moldings throughout, beautiful porcelain floor downstairs, wood flooring upstairs, two car garage with built-in storage, tankless water heater, water softener, surveillance cameras, security alarm system, sprinkler system, and remote iron gate puts this home at the top of the must have list!
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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 |
|---|---|---|---|
| Jul 20, 2018 | Sold | ||
| Sold | |||
| Jun 21, 2018 | Listed by Re/Max Lighthouse | $1,799,999 | |
| Listed by Re/Max Lighthouse | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017