14 Morris Court
About This Property
Notable features include honed marble floors, Philip Jeffries wallpaper, Valli & Valli hardware, Trustile doors, and luxury bath fixtures from Dornbracht, Newport Brass, and Waterworks. The large formal dining room with hand painted wallpaper leads to a modern cocktail and coffee bar while the gleaming living room provides dreamy everyday easy living and entertaining. The expansive Scandinavian-inspired Leicht kitchen has waterfall Neolith counters, Miele appliances including a double oven, a Pitt stove, and 1.5 dishwashers making it a chef's delight. The sunlit, double height family room flows seamlessly to relaxing outdoor living with a mahogany deck overlooking the large, lush, private backyard with swingset.
Upstairs, the large primary suite provides a peaceful retreat with dressing area, generous closet, and a relaxing spa-like bath, complete with heated floors, a deep, free standing soaking tub, and a zero-entry rain shower. The second bedroom includes an en-suite bath with custom cabinetry. Two additional bedrooms share a large bathroom featuring a double vanity, custom cabinetry, and a separate bath and shower area.
Additional highlights include a designer library and mudroom with custom cubbies and a fun finished lower level, perfect for entertaining, with a full bath, den, rec room, and ample storage.
This gorgeous home includes a 2-car garage wired for Tesla and other electric vehicles and is conveniently located walking distance to the train for a quick 32-minute commute to GCT. You're steps from the Marshlands Conservancy, Jay Estate, Rye Golf Club, and a short drive to Rye Town Park, shops, schools, restaurants, and grocery stores. Easy access to RCDS, FASNY, Windward and public schools.
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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.
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About Rye
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017