111 Grandview Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | In contract | - | |
| In contract | |||
| Apr 25, 2024 | Listed by World Prop Intl Sea to Sky | $1,750,000 | |
| Listed by World Prop Intl Sea to Sky | |||
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Welcome to 111 Grandview Lane. Hamptons style living on the tree lined neighborhood streets of The Pines in Smithtown. The home features 5 bedrooms and 5.5 bathrooms. The fully finished basement (not pictured) features a full kitchen, full bathroom, and laundry. The 4th floor of the home is partially finished and features an additional future full bathroom and additional space for a 6th bedroom or bonus room. The chef's kitchen was renovated in 2023 with all new hardwood floors, ice maker, custom range hood, new sinks, new hardware, new wine cooler, and honed marble countertops. It features 4 ovens, 48" Thermador range, Wolf warming drawer, Miele dishwasher, and undercounter microwave. The hardwoods were refinished on the main level in 2023 and the entire main level and basement were repainted in 2023. The home features a Generac whole home automatic generator. There is a full home stereo system through the inside and outside with 8 zones that can be controlled wirelessly from anywhere. Gas fireplaces in the dining room and bonus room and a wood burning fireplace in the living area are all ready for the cold months. Radiant floor heating throughout the main two levels with 16 individual zones through the home. Buderus boiler and hot water system was upgraded to natural gas in 2022. Two 5-ton central A/C units keep you cool in the summer months. Inground saltwater pool, patio fireplace, and fire pit round out the perfect outdoor space on a flat shy acre lot. Low taxes! Under $15,000 annually.
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| Mar 30, 2023 | Sold | ||
| Sold | |||
| Aug 18, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017