3872-3874 Route 44
About This Property
Migdale Castle, a stunning European-inspired property built in 1927 for Andrew Carnegie's daughter. Renovated and restored exhibiting classic British design with stone exterior and stone interior straight out of the Scottish Highlands. Ten bedrooms, seventeen bathrooms and twelve fireplaces. A 5,000-bottle wine cellar, an indoor edgeless pool with a wall of glass windows opening to 68.34 acres of beautifully landscaped grounds with mountain views. A well-sited tennis court. Staff buildings and garages add to the convenience of this private domain. An additional 129-acre parcel, totaling 200 acres, has walking trails, fields, orchards, and an organic garden and will be offered to the winning bidder who will have first right to purchase. This unique property gives a chance to invest in one of the most significant estates in the Hudson Valley. Additional Information: Amenities:Dressing Area,Guest Quarters,Storage,Tennis,HeatingFuel:Oil Above Ground,
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017