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227 W Islip Road
About This Property
The pristine 4 bedroom home features an open-concept layout with four fireplaces, abundant living space, and king-sized bedrooms, plus a large bonus area on the upper level ideally suited for guest quarters or additional living space. Highlights include a sun-filled great room with cathedral ceilings, a wood-burning fireplace, and large windows framing breathtaking waterfront views. The gourmet eat-in kitchen boasts granite counters, a coffee bar, Jenn-Air cooktop, and premium GE Profile appliances.
A luxurious first-floor primary suite offers a massive walk-in closet, private fireplace, and spa-like bath with steam shower, jetted tub, and radiant-heated floors. Additional features include rich hardwood floors, smart home automation, and a whole-house air compressor.
The two-car garage is a standout with a BendPak lift, Hot Dawg heater, and dumbwaiter. Outside, beautifully landscaped grounds include a dedicated boating equipment shed. Walk to Babylon Village, LIRR, shops, and restaurants.
A true boater's dream home blending luxury, convenience, and waterfront elegance.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017