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17951 STONELEIGH DRIVE
About This Property
The showpiece of the home is a chef's kitchen completely remodeled in 2020, outfitted with a full suite of professional Wolf appliances that includes an induction cooktop, a custom teppanyaki grill, a built-in steamer, and a dedicated grill area - everything a serious cook could ask for, all in one thoughtfully designed space. New granite countertops complete the look, and the layout flows naturally into the living areas, making it equally suited for quiet evenings and large gatherings alike.
The open lofted living room draws you in with soaring ceilings and expansive east-facing windows that pour in morning light and frame breathtaking sunrise views that never get old. Underfoot, recently refinished hardwood floors run throughout the entire main level, lending the home a warm, polished feel that carries from room to room. The primary bedroom has been further elevated with the recent addition of a gas fireplace, turning an already generous retreat into something truly special, and LeafFilter gutter protection has been added throughout, so the maintenance checklist is one item shorter for the next owner.
The unfinished basement offers a genuinely blank canvas - whether your vision is a home theater, gym, wine cellar, or guest suite, the space and ceiling height are there to make it happen. A 2-car attached garage, nearly 2 acres of privacy, and the lifestyle that comes with living in Stoneleigh round out a package that is hard to replicate at any price, let alone this one.
The home is being sold as-is and needs some TLC, but with fresh paint and new carpet already done it is genuinely move-in ready from day one - this is a home you can live in comfortably while you put your own stamp on it over time. Note that the upper deck requires replacement and should not be accessed until that work is complete.
Offers reviewed Monday, June 29th - don't wait on this one!
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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