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61 Southgate Road
About This Property
Set on an oversized lot rarely found in the area, the property will feature a striking full stucco exterior, extensive custom paver work throughout, and a beautifully designed backyard centered around a private in-ground swimming pool-creating the perfect setting for entertaining, relaxing, and enjoying your own resort-style retreat.
Inside, virtually every aspect of the residence is being thoughtfully renovated with a fresh, sophisticated design and premium finishes throughout. The transformation includes new electrical and plumbing systems, updated mechanicals, new flooring, modern lighting, designer finishes, beautifully renovated bathrooms, and a completely redesigned kitchen created for both everyday living and entertaining.
The home's spacious layout offers multiple living and entertaining areas complemented by generously sized bedrooms and an abundance of natural light. Contemporary finishes and carefully selected architectural details will provide a seamless combination of modern style, functionality, and comfort throughout.
Outside, the oversized property truly sets this home apart. The extensive paver design, full stucco exterior, private pool, and expansive backyard come together to create an impressive outdoor environment with plenty of room for entertaining, recreation, and relaxation.
Located in South Valley Stream, NY 11581, this rare offering combines a substantial property, private pool, extensive exterior upgrades, and a complete luxury renovation into one exceptional residence.
Expected completion: November 2026. An incredible opportunity to secure a completely transformed home before construction is finished and enjoy the feel of new construction without waiting years to build.
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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 |
|---|---|---|---|
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by PB RE Group Corp | $1,450,000 | |
| Listed by PB RE Group Corp | |||
| Aug 4, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017