20968 Certosa Terrace
About This Property
As you enter the house you'll find the formal dining room directly to the left with the living room and kitchen area just beyond. The living room is comfortable and spacious with a working wood fireplace and french doors leading out to the back.
To the left is the breakfast bar and kitchen. The kitchen is absolutely massive, 14 feet wide by 25 feet long. All countertops are granite and there is a large center island with sink. On the reverse side of the breakfast bar is the Subzero wine fridge. All appliances in the kitchen are stainless steel and from top end brands Subzero, Thermador and Wolf. The kitchen continues to stretch back to the eat in dining area where you'll find the enormous fridge/freezer and two ovens.
Through the doorway on the right you'll enter the den of the Master Wing. Here the marble floors that run through the foyer and kitchen become wood. Built in shelving and raised coifered ceilings make for a stylish place to relax and watch TV. There is also full bath in the den.
Through the left entryway are the 2 bedrooms in the Master Wing. The first is currently configured as an exercise room and office and the second is the master suite. The master suite also has coifered ceilings and crown molding. There are 2 closets, 1 of which is a walk in and the ensuite master bath with two sinks.
On the other side of the house is the Children's Wing. The Children's Wing also has its own den with tons of built in cabinet space for storage. There is also a full bath in this den.
The Children's Wing has 3 bedrooms and 3 bathrooms one of which is ensuite.
The back area is what really sets this house apart. There is an enormous custom heated lagoon pool with a rock waterfall, and best of all, a built in waterslide. You won't find anything like this outside of a waterpark. To the left of the pool is a 12 person jacuzzi. Both are equipped with state-of-the-art technology that allows them to be controlled remotely.
Moving past the pool you'll find the summer kitchen and bar area. This covered area is fully lit, wired for sound and has a TV. The bar is equipped with granite countertops and stainless steel fridge. There is also a half basketball court and outdoor firepit with seating just past the summer kitchen and bar. Outside you'll also notice the accordion shutters and impact glass windows.
To the right of the pool is the guest house. This 1 bedroom, 1 bath unit has a living room currently equipped as an arcade. The guest house also has a kitchen/efficiency unit with wine fridge and microwave.
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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%.
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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