86 Stuyvesant Avenue
About This Property
The property offers a vinyl exterior, a freshly updated interior, and a full basement for added space and storage. The basement will be cleared and cleaned, creating a blank canvas with endless possibilities for future finishing.
Outside, enjoy a spacious, fully fenced yard that offers a private setting, plus an asphalt driveway for ample parking. The roof appears to be in good condition, and the home's heating system includes a Weil-McLain oil-fired boiler with an existing oil tank and cesspool system-all in working order, providing a solid foundation for years to come.
Conveniently located near Sunrise Highway, William Floyd Parkway, and Montauk Highway, you're close to shopping, dining, and local amenities.
Highlights:
* 3 Bedrooms / 1 Full Bath Ranch
* Full Basement (to be cleared and cleaned)
* Updated Kitchen with New Cabinetry and Appliances
* Refreshed Bathroom (renovations in progress)
* Fresh Paint
* Fully Fenced Yard – Very Private
* Asphalt Driveway
* Weil-McLain Boiler / Oil Heat
* Convenient Location
Don't miss this affordable opportunity to own a home with solid bones and great value-perfect for anyone looking to add their finishing touches and build equity in a rising market!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017