25964 DONOVAN DR
About This Property
With over 5,000 sq ft of living space over three levels, this home delivers what you want: fantastic living spaces, tons of windows and bright light, and special touches to make it stand out from a typical home. From the rear deck and patio to the spacious main level and basement recreation space, this home is fantastic for entertaining.
From the moment you walk through the front door you are greeted with a dramatic two-story foyer, with large windows and coffered ceilings, extensive trim and box moldings, and the first of two staircases. The main level features a bright formal living room that is connected with columns to the formal dining room with its tray ceiling. The kitchen, with stainless steel appliances, granite counters with bar seating, has room for a table, as well as a breakfast/sunroom with two skylights and access to the large deck. The family room is a show-stopper: a full two-story space with coffered ceiling, floor to ceiling windows along the back of the house and alongside the gas fireplace, with a 2-story brick surround. The second private staircase upstairs connects to the family room for private access. On this level there is also a walk-through mud room and laundry that leads into the 2 car garage, as well as a spacious private office at the front of the home and the powder room.
Upstairs you will find 4 bedrooms and 3 full bathrooms. The primary suite is large and has a bright corner sitting area with tons of windows, a large double vanity bathroom with jetted tub and separate stall shower, and a walk-in closet. There is also a junior suite, and two bedrooms sharing a dual entrance, dual vanity bathroom.
The basement is spacious, with a theater room, den, wet bar, table space, and lot of recreation space. This is a full walk-out to a ground level paver patio with access to the upstairs deck and rear yard. There are two screens, projectors, and sound systems that convey with the sale. There is another full bathroom with dual vanities on this level, with a jetted shower/tub combo.
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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