260 Cherry Lane
About This Property
Presenting 260 Cherry Lane, a beautifully designed single-story home, sold as part of a package with 256 Cherry Lane, creating a rare opportunity to own a luxurious estate on over 3 park-like acres. This 2,100-square-foot residence offers seven bedrooms and four bathrooms, providing the perfect blend of comfort and flexibility. The home's family dining area flows seamlessly into a well-appointed kitchen, making it ideal for everyday living or hosting guests.
One of the standout features of this property is its newly built two-story deck, offering tranquil views of the beautifully landscaped backyard, pool, and pond. Below the main floor, a full unfinished lower level with windows offers endless possibilities-whether you envision a home gym, studio, entertainment space, or additional living area, the choice is yours.
This single-level design is perfect for those seeking easy, accessible living with ample space for family and friends. Whether it's for extended family living, a vacation retreat, this home offers a comfortable, practical layout to suit your needs.
An Estate Designed for Luxury and Outdoor Living
Beyond the home itself, the combined estate delivers an unparalleled experience. Set on expansive grounds, the property offers:
Olympic-sized pool,
Children's playground,
Private pond, perfect for boating, reflection, and relaxation,
Outdoor kitchen, jacuzzi, and sauna for elevated entertaining,
Ample landscaped areas, ideal for outdoor gatherings and activities.
Together, 260 and 256 Cherry Lane provide over 7,000 square feet of living space, making this estate ideal for extended family living, corporate retreats, or luxurious getaways. Don't miss your chance to own this one-of-a-kind property-schedule your private tour today to explore the possibilities firsthand!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Nov 23, 2024 | Relisted | $1,500,000 | |
| Relisted | |||
| Nov 23, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017