This meticulously maintained residence, set on just under half an
acre in a quiet cul-de-sac, offers a blend of clean French
Mediterranean style and modern upgrades, presenting a move-in-ready
opportunity within a secure 24-hour manned guard-gated community.
Positioned on a raised lot, the home benefits from enhanced curb
appeal and added privacy, complemented by lush, professionally
maintained landscaping and perimeter hedges that create a secluded,
tranquil setting. The floor plan was well thought out with the
primary bedroom in a separate wing to the others. The home features
four bedrooms, three and a half bathrooms, a den and the fourth
bedroom is in the guest house accessed under a covered walkway. It
is currently set up as an office. Since its purchase in 2021,
the property has undergone a series of thoughtful
improvements that enhance both functionality and aesthetics. The
driveway has been fully renovated, providing a clean and durable
entrance, while the pool has undergone a modern renovation that has
integrated a Pentair Intelli system, allowing efficient control of
temperature and lighting. The interior and exterior of the home
have both been freshly repainted and a tankless water heater has
been installed to improve energy efficiency. The garage has been
upgraded with an AC split system and Tesla charger making it a more
versatile and climate-controlled space, and the den has been
outfitted with custom California closets. Additional replacements
and upgrades further underscore the property's condition, these
include several rooms of flooring, new gutters, outdoor ceiling
fans, a replaced breaker box, and interior shutters that contribute
to both style and functionality. The backyard has been enhanced
with updated stone surrounds and pavers, creating a cohesive and
low-maintenance outdoor living area that integrates seamlessly with
the pool. A 4-ton Lennox air conditioning unit has been installed
and an aluminum fence has been added without compromising the
landscape. Exterior lighting improvements include the addition of
11 coach lights, Cupola lighting, along with upgraded dimmers and
floodlights, providing both ambiance and practicality across the
property. The list of upgrades is too many to list.The backyard
setting is particularly notable, offering a peaceful retreat with
no neighbors to the rear as the lot behind cannot be developed,
ensuring long-term privacy. The Pine Tree community is quiet and
the cul-de-sac location in the heart of it minimizes through
traffic. Purchasing a property within the neighbourhood is not
subject to a mandatory membership requirement as the golf club is a
separate private entity. Every upgrade and replacement has been
completed with a focus on maintenance, efficiency, and preserving
the home's architectural integrity, resulting in a property that is
both visually appealing and mechanically updated. This combination
of location, lot size, structural elevation, and documented
improvements provides a clear and factual representation of a home
that has been consistently cared for and thoughtfully enhanced over
time. The home offers a balanced opportunity for buyers seeking
privacy, security, and a well-updated residence in a
controlled-access community.
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.
Beautiful golf course view lot located in Pine Tree Golf Club, a 24 hour manned gated community. Optional membership to Pine Tree Golf Club by invitation.
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Circular Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Flooring Type: Tile, Wood
Door Features: French Doors
Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside, Laundry Closet, Main Level, Laundry Room
Rooms: 8
Exterior Details
Square Footage: 3161
Square Footage Source: $0
Security Features: Security System Owned, Fire Alarm, Security Gate, Gated Community, Smoke Detector(s), Security Guard, Security Lights
Property Condition: Updated/Remodeled, Resale
Architectural Style: French Provincial, Mediterranean
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Address: 335 Madison Avenue, New York, NY 10017