235 Cleft Road
About This Property
Every space has been thoughtfully designed to celebrate its breathtaking surroundings, where expansive walls of glass blur the line between indoors and out while filling the home with natural light. Rich mahogany custom millwork, white oak inlay flooring, and elegant architectural details create an atmosphere of warmth and sophistication, while beautifully proportioned living and entertaining spaces offer both comfort and effortless elegance.
At the heart of the home, the chef's kitchen is as functional as it is beautiful, featuring custom white cabinetry, striking quartzite countertops, elegant brass accents, and picturesque harbor views. A renovated sunroom, spa-inspired primary suite, radiant heat floors, updated baths, an expansive mudroom, and a summer kitchen further elevate the home's exceptional lifestyle, seamlessly extending to Brazilian IPE decks/terraces designed for outdoor entertaining.
Thoughtfully modernized for today's discerning buyer, the residence features commercial-grade heating and cooling, eight-zone HVAC, over 100 new windows, a newer roof, an automatic sprinkler system, and three two car garages. Owned solar panels enhance the home's energy efficiency, while a Tesla battery backup provides reliable peace of mind with the ability to power the residence for approximately three days during an outage.
Surrounded by the natural beauty of Long Island's Gold Coast and just moments from charming villages, waterfront dining, boutique shopping, beaches, and clubs, this extraordinary estate offers a rare combination of privacy, sophistication, and breathtaking water view vistas.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Listed by Compass Greater NY LLC | $5,995,000 | |
| Listed by Compass Greater NY LLC | |||
| Mar 29, 2022 | Sold | ||
| Sold | |||
| Mar 7, 2022 | In contract | - | |
| In contract | |||
| Feb 11, 2022 | Price Decreased |
$3,995,000
↓ $300K
(7%) | |
| Price Decreased | |||
| Oct 7, 2021 | Price Increased |
$4,295,000
↑ $300K
(7.5%) | |
| Price Increased | |||
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About Mill Neck
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$5,250 /mo
- 3 Beds
- 2 Baths
- 1,530 ft²
$3,495 /mo
- 2 Beds
- 2 Baths
- 996 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017