997 Botany Lane
About This Property
Geene Leedy design. Mid century modern home with lots of natural light.
Courtyard + backyard patios. All rooms, including bedrooms, have access to the front or back courtyard! Every bedroom has a door and owner suite has sliders onto the courtyard.
2 car carport + utility room. ( would make a great detached art studio or office)
- Post & beam construction allows for large, open interior spaces without load-bearing walls.
- Floor-to-ceiling windows
- Expansive use of glass in ALL rooms, to maximize natural light. Seamless transitions between indoor and outdoor spaces.
Needs an MCM lover or investor to restore this unique property.
Water heater 2014
Electrical panel needs replaced
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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