156 EMERSON DRIVE
About This Property
Custom-built in 2003 by the current owner and meticulously maintained ever since, this 4,486 sq. ft. masterpiece was constructed for the long term. Masonry materials, a piling foundation, and fortress-quality construction have protected this home through every season, with no history of storm damage or water intrusion, offering exceptional peace of mind.
Inside, every detail reflects thoughtful craftsmanship. Rich solid wood floors and staircases flow throughout, complemented by soaring ceilings and walls of windows that flood the home with natural light. A private elevator connects all three levels with ease. The layout is designed with both privacy and elegance in mind, featuring a serene master retreat on the second level, dedicated guest accommodations, and a stunning artist's studio outfitted with generous storage and bathed in light.
The upper living level is the crown jewel, an entertainer's dream open to sky, water, and nature. The chef's kitchen impresses with thoughtful design and a generous walk-in pantry, while the showstopping terrace delivers breathtaking panoramic views that must be seen to be believed.
Tucked at the end of a quiet private drive, the home offers rare seclusion without sacrifice. St. Armands Circle's world-class dining and upscale shopping are just a leisurely stroll away. An oversized attached garage plus additional off-street parking complete this exceptional offering.
Homes of this caliber, in this location, simply do not come available often.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017