512 GRACEVIEW LN
About This Property
Enjoy your own private oasis with two acres of cleared land, ideal for entertaining and outdoor enjoyment. Spanning three finished levels, this home features a breathtaking primary suite that extends across the entire back of the house, along with four additional secondary bedrooms-two of which are suite-style for added privacy and comfort.
Designed for multigenerational living, the lower level boasts a fully equipped, apartment-style in-law suite complete with a legal bedroom, a handicap-accessible full bath, a second kitchen, and a walk-out basement. There's also ample storage space to accommodate all your needs.
This home is also a smart home, featuring keyless entry, a SkyBell doorbell, a central alarm system, and an outdoor 4-camera security setup. Hardwired Cat 5 connections in every room tie into a backbone on the basement level, ensuring seamless connectivity throughout.
The main level welcomes you with a grand two-story foyer, luxury LVP wood flooring, a formal dining and living room, and a cozy family room with a gas fireplace. The gourmet kitchen is a chef's dream, offering stainless steel appliances, granite countertops, a gas cooktop with an exhaust, a double wall oven, a built-in microwave, a French door refrigerator, a dishwasher, and a spacious walk-in pantry. A mudroom off the kitchen leads to the two-car garage, providing additional storage and convenience.
Upstairs, the primary suite is a showstopper, featuring two expansive walk-in closets and a spa-like ensuite bath. Three additional spacious bedrooms complete the upper level, along with a laundry room equipped with an extra-capacity washer and dryer.
Don't miss this rare opportunity to own a luxurious estate home in an incredible location-schedule your tour today before it's gone!
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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