39 Cherry Lane
About This Property
An open layout connecting the dining and living room spaces features an impressive cathedral ceiling, exposed wood beam accents, custom built-ins and expansive windows. Filled with natural light and timeless architectural details, this inviting space is perfect for everyday living and entertaining.
The gourmet eat-in kitchen is the heart of the home, featuring premium appliances, granite countertops, a generous center island, and abundant workspace for gathering with family and friends. The luxurious first-floor primary suite provides a private retreat with a cozy fireplace, spa-inspired bath, oversized room size closet, home office, and direct access to the backyard deck. Three additional bedrooms and two full baths complete the main level, while a private, spacious second-floor guest suite/playroom with its own bath offers the perfect space for extended family or visitors.
The finished lower level expands the living space with a media room featuring a fireplace, fitness area, full bath, and outside entrance, creating endless possibilities for work, recreation, or multi-generational living.
Designed for year-round comfort, this home also includes radiant heat, a whole-house generator, and a heated two-car garage with epoxy flooring. Step outside to your own backyard retreat with an expansive deck overlooking the heated inground gunite pool, surrounded by mature landscaping that provides beauty and privacy.
Offering an incredible combination of space, quality, and amenities in one of Long Island's most sought-after communities, this is an exceptional opportunity to own a truly special home just minutes from shopping, parks, transportation, and everything Syosset has to offer.
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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%.
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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.
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 |
|---|---|---|---|
| Jul 1, 2026 | Listed by Compass Greater NY LLC | $2,688,000 | |
| Listed by Compass Greater NY LLC | |||
| Jun 26, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 20, 2026 | Listed by Coldwell Banker American Homes | $2,950,000 | |
| Listed by Coldwell Banker American Homes | |||
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Situated within the award winning Syosset School District, this stunning farm ranch epitomizes rustic charm with modern amenities. This home welcomes you with an inviting front porch and impressive vaulted foyer. Upon entering, you will find cathedral ceilings, skylights and floor-to-ceiling windows that flood the generously sized rooms with natural light.
The chef’s kitchen is a culinary dream, equipped with a large island, granite countertops, 6-burner Viking stove, warming drawer, and Sub-Zero refrigerator. The main floor is designed for effortless living, featuring a magnificent primary suite with fireplace, private deck access, large walk-in closet, office, and a spa-like bath. Three additional bedrooms and two full baths complete the first floor, while the second level offers a private, oversized fifth bedroom with an en-suite bath, and Juliet balcony.
The lower level is an entertainer’s paradise, featuring a media room with fireplace, dedicated gym, home office with adjoining bath and an outside entrance. Practicality meets luxury with a full-house generator, radiant heating, and a two-car heated garage with epoxy flooring.
Outside, the professionally landscaped backyard serves as a private oasis, featuring a sprawling deck, heated inground gunite pool and specimen plantings. Conveniently located near shops, transportation, schools and parks, this unique home is a must see!
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| Jul 16, 1996 | Sold | ||
| Sold | |||
| May 9, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017