944 Mecham Drive
About This Property
All the modern expectations-- a gourmet's stainless steel kitchen, wood floors, new instant hot water heater system-- let alone the variety of upgraded appointments in the 4 different bathrooms.
An entertainer's main level great room with open air feeling is the dream made real for intimate get togethers, or nightly dinners along the wide open decking and it's own guest bathroom to prevent the need to rush down the stairs to the main bedroom level.
European style master bedroom suite, with upgraded full body shower system for degree-perfect showers, or step out of the shower and take a long deep moment in the large soaking tub and gaze out into the privacy of the woods beyond the dual pane windows.
Or relax out the second deck for morning coffees, or nightly reflection just outside your bedroom door.
Down one final set of stairs, find the oversized split level Bonus room, with wet bar and half bath as well-- with room for full service entertainment center, exercise equipment, or the time for preparation to walk out to the third (yes Third) deck where you will find a soft topped electric hot tub with extra privacy fence to enjoy the whisper of the trees in the early afternoons, or the silence of the moonlight nights.
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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 |
|---|---|---|---|
| Apr 22, 2019 | Sold | ||
| Sold | |||
| Sep 28, 2018 | Listed by PURPLEBRICKS REALTY INC. | $355,000 | |
| Listed by PURPLEBRICKS REALTY INC. | |||
| Nov 28, 2012 | Sold | ||
| Sold | |||
| May 24, 2012 | Listed by COLDWELL BANKER SKY RIDGE RLTY | $275,000 | |
| Listed by COLDWELL BANKER SKY RIDGE RLTY | |||
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Gorgeous Newer Construction Home With Stunning Views, Extra Lot Included In The Sale To Left Of House For Privacy, Large Entertaining Decks To Soak In The Views. Step Inside This Warm Home With Distressed Wood Floors, Great Room, Large Kitchen With Ss Appliances, Vaulted Ceilings, Custom Bathrooms With Exceptional Styling Through Out Home. Family Room With Wet Bar, Home Could Come Furnished, Deck Off Of Master & Guest Room ~ Bring Any Reasonable Offer!!! Seller Will Look At Everything!!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017