1404 & 1406 PLEASANT VIEW RD
About This Property
Enter the main level and you will instantly notice the quality of craftmanship in the natural hardwood floors and solid wood doors, moldings and trim throughout. Off the foyer is a formal living room with a large bay window overlooking the private, tranquil grounds. Continue through the foyer into a generously sized family room - a perfect setting to entertain guests and unwind. Accessible from the family room via solid wood French doors is a breathtaking 12x20 sunroom/four seasons room with cathedral wood-plank ceilings. Off the sunroom you will find the main level laundry/mudroom as well as an oversized, recently stained 350sqft deck. There is no lack of cabinet and countertop space in your spacious country kitchen with granite countertops, newer dishwasher/refrigerator and direct access to the formal dining room. Off the main hallway, you will enter the primary suite with a luxurious full bath (remodeled in 2020), walk-in closet, custom sink/vanity and a private entrance/exit to the rear yard. Rounding out the main level are 2 additional bedrooms and an updated hall bath w/double vanity and large jacuzzi soaking tub with granite surround. Make your way down to your fully finished walkout basement where you will enjoy a large rec room, 2 separate office/den/bonus rooms (currently being used as BR's), a third full bath, a second laundry room and plenty of storage space. The basement provides access to the oversized 2 car garage, driveway and side yard. Additional updates/amenities include: wide plank hardwood floors throughout main level, solid wood doors/windows/trim work, ten ceiling fans, remodeled primary BA circa 2020, HVAC 2017, deck stained & boards/stairs replaced 2022, bathroom remodels ($25,000+), Dishwasher and Refrigerator upgraded approximately 2019, septic pumped/tank inspected/new riser and lid installed 2022, 30gpm well when installed, and a private 1000ft +/- asphalt driveway installed a few years ago ($35,000) and recently resealed. Also listed as a Farm under MDFR2029512***
***1406 Pleasant View is 3.97 acres and includes the home, a stone patio, a 30x60 Morton building w/tack room, new 12' garage door ($8500) and room for 12 stalls, chicken/pigeon coop, riding ring (previously used for miniature horses) and multiple fenced-in pastures/paddocks***
***1404 Pleasant View includes 4.00 acres, 4 run-in sheds (2 double, 2 single), multiple fenced-in pastures/paddocks and a 30x100 Carolina Carport/Farm Building w/tack room (installed 2021) - this building previously housed twelve 10x10 stalls and four 10x12 stalls. The lot does have a drilled well (25gpm well installed) and a previous successful 3BR perc. Lot is potentially buildable - Health Dept would need to evaluate site to confirm perc and buildability. No offers contingent upon buildability will be accepted.
**These Sellers received a sight unseen offer and elected to accept it**
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017