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2 BELLEMORE ROAD
About This Property
The main level flows effortlessly from a formal Living Room with wood-burning fireplace and Colonial mantel to a gracious Dining Room with box bay window and custom built-in window seat, to a cherry-paneled Den with its own fireplace - each space finished with hardwood floors, dentil crown molding, recessed lighting, and built-in ceiling speakers. A Wet Bar with marble tops, illuminated glass-door cabinetry, Marvel wine cooler, and Scotsman icemaker connects seamlessly to the Living Room and Kitchen.
The Gourmet Kitchen is a chef's dream: Brookhaven recess-panel custom cabinetry, statuary marble counters, ceramic tile backsplash, Blue Star commercial-grade 6-burner gas range with double ovens and grill, Vent-A-Hood custom stainless range hood, dishwasher, refrigerator, and an oversized undermount sink with Insinkerator disposal. The adjoining Breakfast Room features a vaulted ceiling, window wall, French door to the patio, and a built-in illuminated glass-shelved bookcase - a warm and light-filled gathering space.
Upstairs, the Master Suite offers four windows, crown molding, and direct access to a stunning Spa Bath with marble finish porcelain tile, freestanding soaking tub, glass-enclosed herringbone marble shower, matching granite-top vanities, and a built-in toiletries niche - plus a dedicated Dressing Room with extensive custom built-in wardrobe cabinetry and honed granite island. Four additional generously sized bedrooms and two gorgeous baths - including a shared marble bath with soaking tub and herringbone shower - complete the upper levels, along with a Third Floor Study with staircase access to Bedrooms 4 and 5.
The Lower Level is an entertainer's haven: a sprawling Recreation Room with wood-burning fireplace, built-in seating with custom cushions, arts & crafts counter, built-in bookcases, and two mounted TVs - alongside a Wine Room with custom racks holding up to 500 bottles and a dedicated decanting counter.
Outside, enjoy a large brick paver patio with garden wall and brick seating surround, a flat fenced backyard with specimen tree, a partially covered front porch with classic Georgian doorcase, a brick-bordered stone walkway, a slate roof with dormers, and Pella replacement windows throughout. A 2-car garage, a secured rear parking pad, complete this extraordinary offering.
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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