911 PINE TREE TERRACE
About This Property
Pull into the circular driveway and step inside where the original wood floors immediately set the tone. To the right, the living room welcomes you in with a cozy wood-burning fireplace and flows naturally into the dining room, which wraps around to the kitchen, making the layout feel both connected and comfortable for everyday living or entertaining. The kitchen is full of personality and practicality. A built-in brick cooking area with a gas stove and wall oven becomes a standout feature, while the generous counter space and breakfast bar with high-top seating make it easy for everyone to gather. And if storage is high on your wish list, the massive built-in pantry might just steal the show. Just off the kitchen is a bright sunroom with brick flooring and tons of natural light. The kind of space that makes your morning or evening lounging time feel a little extra special. Tucked off the sunroom is the laundry room with a convenient half bath, perfectly placed for quick trips inside after enjoying the pool out back. Wooden ceiling beams carry through into the den/family room, giving the space feel like "old meets new" vibe. You have multiple built-in shelves with another wood burning fireplace. Down the hallway you'll find a bedroom with two built-in closets, one of them cedar-lined, along with the spacious primary bedroom featuring built-in shelving, a walk-in closet, and an ensuite bath. Head upstairs and the original wood floors continue into two additional bedrooms and a full bath, offering plenty of room for a growing family, guests, or that "finally getting my own space" teenager. Out back, the pool and brick patio create a great spot for grilling, relaxing, or soaking up some Florida sunshine. With the oversized lot you get a little breathing room while still being tucked away from the main roads, yet close enough to downtown to run errands without turning it into a whole-day adventure. In short: character, charm, space, storage, and a pool to top it off. Not a bad combo.
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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%.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017