12148 PRESTON DR
About This Property
Perched on a prime lot with unobstructed views of Helen Creek, the property boasts deepwater slips accommodating vessels up to 45 feet. Upon entering, you're greeted by a grand great room with 25-foot ceilings and gleaming hardwood floors. The main level offers expansive water views through atrium windows and sliding glass doors that lead to a deck overlooking the pool, pier, and scenic Helen's Creek.
The gourmet kitchen is a chef's dream, complete with an eat-in area and a separate formal dining room that comfortably seats 8 to 10 guests. The luxurious owner's suite, also on the main level, features stunning creek views and an elegant ensuite bathroom with a soaking tub, shower, marble floors, and granite countertops. Additional amenities on the main floor include a versatile den, study, or office space.
Upstairs, you'll find three generously-sized bedrooms, all with water views, along with a full bath. The lower level offers a spacious game room with a wet bar, a walk-out basement, and a separate bunk area perfect for overnight guests or family.
Outside, the meticulously landscaped grounds include a new riprap, retaining walls, a pool house, and a beautiful pool area. A few steps lead you down to the private pier. Properties in Preston Point are rare to come by, and this one is truly a hidden gem. Don't miss the chance to make it yours-you won't be disappointed.
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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