36
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18509 Long Lake Drive
About This Property
Step into the great room with towering 30± ft. ceilings and a commanding cast stone fireplace. Jerusalem stone floors bring Old World craftsmanship into the space, while floor-to-ceiling impact windows let in gorgeous natural light. The home's distinguishing characteristics include the jaw-dropping backyard oasis, stately library, spacious home theater, entertainer's kitchen with top-of-the-line appliances, grand primary wing, home elevator, and special architectural details.
Lower Level: The primary wing boasts separate his and hers baths and a morning room/office with bay window overlooking the garden. The first primary bath features a masculine aesthetic, luxurious shower, and ample walk-in closet space. The second is nothing short of a Neoclassical spa with a statement soaker tub, stained glass windows, multi-jet shower, and walk-in closet of your dreams. This level also has a large library/office with wall-to-wall bookshelves, a laundry room, home theater, powder room, guest room and bath, plus a formal dining room connected to the butler's pantry. The kitchen and bar open to a bright family room with french-door access to the summer kitchen and covered patio for elevated entertaining.
Upper Level: The open landing area is an ideal children's playroom or bright fitness/yoga studio. You will find three additional bedrooms plus in-law or maids quarters upstairs, each with ensuite and closet. Two rooms share access to a tranquil covered balcony overlooking the lake. There is also a room plumbed for laundry or a salon.
Staging and furnishings by Vesta Home; all furniture available for purchase.
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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