3590 S RIVER TERRACE
About This Property
The third floor provides incredible flexibility with a fourth bedroom featuring water views, an additional flex space or fifth bedroom/office, and a newly remodeled full bath-ideal for guests or multi-generational living.
The lower level offers a recreation room, gym, full bathroom, ample storage, and utility space-perfect for both everyday living and entertaining. Outdoor living is nothing short of spectacular. The dining area opens to a deck with glass railings that flows down to a waterside patio with a dramatic stone fireplace, creating a resort-like setting for entertaining or relaxing by the water. The professionally maintained grounds are supported by the irrigation system, and the private pier features a 10,000 lb boat lift and kayak storage, making this a true boater's dream. With a flat, usable waterfront lot, protected deep water, and luxurious upgrades throughout, this is a rare opportunity to own a turn-key waterfront home in one of the area's most desirable communities. The Loch Haven community offers an exceptional waterfront lifestyle with a private sandy beach, community marina with boat ramp, playground (tot lot), basketball and tennis courts, and scenic walking trails. Residents also enjoy a vibrant calendar of family and adult social events, creating a true sense of community and an unbeatable place to live, relax, and connect.
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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.
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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 Selby-on-the-Bay
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$3,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017