3 Lake Road
About This Property
The lower level has it's own walkout and is capable of having full sized windows on three sides.
Discover gleaming hardwood floors, craftsman style wide door and window trim and neutral color palette throughout.
Formal living room showcases exposed beams and floor to ceiling fireplace with slate hearth and brick surround. Open to both the formal Dining Room and a Den that spans the whole width of the house, it is sure to be where everyone gathers during the fast approaching holiday season.
The den maintains windows on three sides flooding the room with natural light. There is an interior staircase to the lower level and access to a private deck with exterior staircase to the front yard. If you're one of the many working from home, this is a nice touch if ever you need to meet clients.
Kitchen, bedroom, and full bathroom complete this side of the home.
On the other side, there is a guest suite complete with living room, two bedrooms, full bath, private kitchen and screened in patio. The original configuration includes three additional bedrooms with hardwood floors and one full bath.
A second staircase provides access to the massive basement and attached single car garage. Newly repaved driveway stretches to the rear of the property. offering plenty of room for parking and access to an oversized, detached garage.
Flat backyard. Easy access to NYC commuting options via bus or train and highly rated Suffern Central School District. Be sure to click the virtual tour for property website inclusive of full photo gallery, floor plans, and digital walk through. Additional Information: ParkingFeatures:1 Car Attached,1 Car Detached,
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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 18, 2023 | Sold | ||
| Sold | |||
| Dec 6, 2022 | No longer available | - | |
| No longer available | |||
| Dec 1, 2022 | In contract | - | |
| In contract | |||
| Nov 18, 2022 | Price Decreased |
$599,999
↓ $1
(0%) | |
| Price Decreased | |||
| Nov 1, 2022 | Price Decreased |
$600,000
↓ $35K
(5.5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017