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31 W Meadow Road
About This Property
At the heart of the home, an impressive gourmet kitchen features a rustic hand-hewn oak ceiling, blending old-world character with modern function. The primary suite offers a private retreat, complemented by an additional bedroom and well-appointed baths. Radiant heat throughout ensures year-round comfort, while Andersen windows enhance both efficiency and natural light.
An elegant staircase makes a memorable architectural statement, and every detail reflects quality construction and timeless design.
The grounds are equally captivating. Professionally designed with exotic specimen plantings, custom stonework, and winding walkways, the property unfolds into a private outdoor sanctuary. A covered portico overlooks a circular fountain with bronze figure, creating a serene focal point. Beyond, a custom saltwater, heated pool is surrounded by striking stonework and lush gardens, offering exceptional privacy.
A separate 1.5-story cottage, thoughtfully converted from a barn, offers exceptional flexibility. Complete with a main-level office, full bath, loft space, and snack bar area, it is ideal for a private home office or studio.
A rare offering where architectural beauty, craftsmanship, and lifestyle come together seamlessly.
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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 Setauket-East Setauket
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017