11841 CHAPEL ESTATES DR
About This Property
The heart of the home is the Cook's and Baker's kitchen, which boasts a commanding wrap-around island, breakfast bar, pantry, and a planning station. An atrium door offers easy access to the rear deck, making outdoor dining and entertainment a breeze. The octagonal breakfast nook is bathed in natural light, creating a perfect spot for morning meals.
The main level also features a half bath and laundry chute in the well-appointed laundry center, along with a secondary staircase for added convenience. The spacious family room, located off the kitchen, is anchored by a gas fireplace flanked by built-in shelves. Atrium doors lead to the rear deck, offering an ideal space for outdoor relaxation. A bright and inviting sunroom with a wet bar and an atrium door further extends your living space to the wrap-around deck.
The main level also includes a private study and an adjacent full bath, offering the flexibility to become a main-level bedroom if desired.
Upstairs, five spacious en-suite bedrooms await, including a light filled primary suite with a separate sitting room and a spa-like bathroom featuring a jetted tub and separate water closet. Four additional secondary bedrooms, two on each wing of the upper floor, provide ample space for family and guests. A cozy reading nook on the landing between the wings adds a special touch.
The walk-out lower level is a true entertainer's paradise, offering a sixth bedroom, cedar closet, and a full bath. The expansive recreation room is perfect for movie nights and gatherings, while the wet bar, billiards area, and exercise room provide additional space for fun and fitness. Full daylight windows ensure this level is bright and airy.
Situated on a tree-fringed, wooded lot, this home offers spectacular indoor and outdoor living venues for gatherings of all sizes. With Southern charm, lifestyle flexibility, and an abundance of amenities, this home is truly one-of-a-kind. Don't miss the opportunity to experience and love this remarkable 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%.
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