Turnkey luxury awaits in sought-after gated Morningside! Completely
renovated with sophisticated finishes and exceptional attention to
detail, this stunning home is designed for effortless everyday
living and entertaining. A dramatic two-story foyer with radiant
heated floors and custom glass railings opens to a formal living
room with floor-to-ceiling stone fireplace, elegant dining room,
and spectacular chef's kitchen featuring premium appliances, custom
cabinetry, propane cooking, oversized peninsula, radiant heat, and
breakfast area. The adjoining family room with a second
wood-burning fireplace opens to an expansive deck with propane
hookup-perfect for outdoor entertaining. A flexible office/guest
bedroom, custom mudroom, and oversized two-car garage with EV
hookups complete the main level. Upstairs, the luxurious primary
suite features custom walk-in closets and a spa-like bath with
radiant heat, soaking tub, and oversized steam shower. Three
additional bedrooms and beautifully renovated baths offer plenty of
space for family and guests. The finished lower level, included in
the square footage, provides exceptional flexibility for a
playroom, gym, media room, guest suite, or au pair quarters. Smart
lighting, new roof and condensers, new driveway and walkway, and
professionally designed landscaping with elegant lighting complete
this exceptional property. Enjoy the privacy and lifestyle of
Morningside, with newly renovated basketball and pickleball courts.
Move right in and enjoy one of Purchase's most desirable gated
communities!
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.
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