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5 Bridal Path
About This Property
The primary residence space includes three spacious bedrooms and two full bathrooms, with wood flooring, a granite eat-in kitchen featuring stainless steel appliances, a home office, and a cozy wood-burning fireplace. A fully finished basement provides excellent space for storage, recreation, and entertaining.
Adding exceptional value is the legal in-law apartment, thoughtfully converted from the garage. With its own private entrance, this space offers a full eat-in kitchen, living room, bedroom, and full bath-ideal for extended family, guests, or potential rental income with proper permits. In total, the property features five bedrooms and three full bathrooms, two half bathrooms across a versatile layout.
Outdoors, the expansive property is perfect for entertaining or relaxing. Highlights include a saltwater in-ground pool, a 15-zone sprinkler system, and an expansive yard with endless possibilities. Additional updates include two cesspools (one recently replaced), 200-amp service with a subpanel for the apartment, updated windows (2014), and an energy-efficient solar lease.
Set on peaceful Bridal Path, this home combines the tranquility of country living with the convenience of Center Moriches amenities, shopping, and transportation. Don't miss this rare opportunity to own a spacious, flexible property in a highly desirable location.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017