8539 Sweet Melissa Drive
About This Property
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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 |
|---|---|---|---|
| Oct 5, 2023 | Sold | ||
| Sold | |||
| Aug 7, 2023 | Listed by BHHS Karapasha Realty | $1,025,000 | |
| Listed by BHHS Karapasha Realty | |||
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Stunning traditional brick exterior w/ courtyard, enter the home & find a showstopper entryway w/ high ceilings & grand staircase. Formal dining off the entryway w/ french doors to the courtyard. Off the dining is access to butler pantry & built-in desk area, leading to chef's kitchen. In kitchen: granite counters, island, gas range & breakfast bar w/ stone facade. Living room & breakfast area open to kitchen, perfect f/ entertaining. Laundry has cabinetry w/ granite countertops & sink. Huge primary bedroom w/ ensuite bathroom feat. 2 vanities, jetted tub, separate shower & custom walk-in closet. Downstairs is a guest suite. Up the stairs is office w/ bay windows. Upstairs game room feat. wet bar & access to huge balcony. Media room perfect f/ movie nights. 2 bedrooms upstairs w/ ensuite bathrooms. Backyard is a paradise w/ pool/spa, firepit, outdoor kitchen under pergola, w/ view of the golf course & backs to the bayou + spacious side yard. Garage has custom floor & storage upgrades.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017