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31 Leeds Lane
About This Property
Situated on a dead end street, what sets this home apart from traditional split-level layouts is its unique floor plan, including a convenient half bath and laundry located on the main level alongside the kitchen and living areas. The flexible lower-level space with Herringbone flooring and a marble woodburning fireplace offers excellent potential for an accessory dwelling unit with the proper permits, and a 240 outlet, making it a fantastic opportunity for extended family, guests, or additional income potential also ideal for entertaining guests.
Every detail has been thoughtfully updated, including finishes, doors, and fixtures, all from Restoration Hardware. The flooring throughout this level and third floor is 3/4 Hardwood. The beautifully designed kitchen features Thassos marble backsplash from Greece, Quartz countertops, top tier stainless steel appliances, farm sink and potfiller, built-in convection oven with microwave and premium soft close cabinetry. Off the eat-in kitchen are sliders leading to a brand new Trex staircase, Nicolock Pavers and leveled backyard with all redone landscaping, privacy trees and flowers.
Step outside to your private oasis featuring a stunning saltwater in-ground pool 30 x 14 fully equipped with the premium Hayward System, and a Winter Pool cover from Merlin, all perfect for private summer enjoyment and effortless maintenance.
With every inch of this home meticulously renovated and upgraded using all quality and premium materials and trusted brands, this is a rare opportunity to own a one-of-a-kind property. Entrance. is blocks away from Belmont Park, shopping, dining, schools, major transportation and highways and 8 minutes from train by car.
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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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About North Babylon
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017