Set at the end of a private cul de sac within the highly coveted
Edgemont School District, this exceptional estate offers a rare
opportunity to reimagine one of the largest and most
architecturally significant homes in the area. Spanning
approximately 14,700 square feet and set on nearly three private
acres, the residence is defined by soaring cathedral ceilings,
dramatic double height spaces, and an extraordinary use of glass
that fills the home with natural light. A grand entrance introduces
a series of expansive living and entertaining rooms that seamlessly
connect to a stunning courtyard centered around an in ground pool,
creating a striking indoor outdoor setting that is both private and
serene . The layout offers remarkable flexibility with multiple
living wings, a first floor primary suite, generous guest
accommodations, and an upper level with spacious bedrooms and
additional areas for recreation, work, or wellness. A substantial
unfinished lower level offers significant additional square footage
and a compelling opportunity for customization. Recent enhancements
include a renovated pool, integrated smart home features, and a
newly constructed wine cellar. The grounds are equally impressive,
offering expansive lawns, mature landscaping, and a sense of scale
and privacy rarely found in Edgemont . This is a true estate
offering with extraordinary potential, providing the rare chance to
create a bespoke residence of exceptional size, presence, and
distinction just thirty minutes from Manhattan.
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.
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