199 Cold Spring Road
About This Property
A dramatic entry foyer with soaring vaulted ceilings and tons of windows fills the home with natural light. The main level offers an expansive den with a fireplace, formal living and dining room. Four bedrooms are located on the first floor, including two bedrooms connected by a common bath, a primary suite with private en suite bath, and an additional bedroom tucked privately off the kitchen with its own full bath and brand-new radiant heated floors. A custom chef's kitchen, featuring a Wolf induction stove, paneled Sub-Zero refrigerator/ freezer, center island, and a beautifully designed backsplash complete the first level.
The second level features a lofted flex space perfect for a home office, playroom, or lounge area, along with two additional bedrooms and a full bath. A full oversized basement provides abundant storage space, laundry area, and endless possibilities for recreation, gym, or media use.
Outside, the expansive flat backyard is designed for entertaining and relaxation with an outdoor kitchen, custom waterfall, fire pit, and ample room for a future pool. Additional highlights include a 2-car garage, proximity to shopping, dining, and the train. Berry Hill Elementary & South wood Middle School. **Please do not enter private road without an appointment
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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.
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