5116 Tanglewood Way
About This Property
Upon entering, you are greeted by a grand custom handcrafted swivel door leading into a vibrant living room accentuated with ceramic flooring and a formal dining area highlighted by an elegant custom chandelier and soffit lighting. An architectural marvel, the family room features a collapsible glass window wall that seamlessly blends indoor and outdoor living, enhancing the open, airy feel of the home.
The chef's kitchen is a culinary delight, equipped with top-of-the-line appliances, a massive 10x8 foot island, double layered granite countertops, and custom floor-to-ceiling cabinetry. Whether hosting lavish parties or enjoying a quiet evening, this prestigious kitchen and the custom dry bar add a touch of sophistication.
The luxurious master suite offers a cozy sitting area, elegant Venetian plaster, soffit lighting, and an opulent ensuite bath featuring a double rainfall shower, custom vanity, and walk-in closet, tied together with ambient lighting, the perfect combination for comfort and style.
Step outside to the professionally designed backyard, with a length-wide patio overlooking the BRAND NEW contemporary pool, fully equipped with a saltwater system, baja shelf, and upgraded glass tile throughout, the infinity-style spa, and fire pit area await for family fun and relaxation.
With every detail carefully chosen and quality crafted, this home reflects the epitome of luxury living. This is not just a house; it's the forever home you've been searching for.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Listed by Marro Real Estate, Inc. | $1,250,000 | |
| Listed by Marro Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017