6214 WAYLES ST
About This Property
Boasting the largest lot in the neighborhood, this residence is a testament to meticulous craftsmanship and attention to detail only found in a Builders own residence. The expansive grounds feature extensive landscaping and hardscaping, including a captivating water fountain, as well as brick paver driveway, all of which would cost nearly a million dollars to replicate. The Brick paver driveway leads to not only a two-car attached garage but also to a detached oversized two-car garage with an apartment above, complete with a full kitchen and fireplace, making it ideal for in-laws or a home office.
Stepping inside, the grandeur continues with a marble foyer and cherry wood accents. The Library with full cherry paneled is fit for the president. Cherry wood doors throughout all three levels of the home. The main level Two story family room adorned with huge cherry built-ins and a stunning stone fireplace. The home also provides front and rear staircases as well as an elevator to all three levels for added convenience, and mobility for older and handicap residents.
Step into culinary luxury with this gourmet kitchen adorned with exquisite features. A center island invites gatherings and culinary creations alike, set amidst the backdrop of rich cherry cabinets that provide an extra air of sophistication. Stainless steel appliances, including a 6-burner range, to elevate functionality and style.
Upstairs, discover three bedrooms and three baths, including a lavish primary suite that, not only has a fireplace in the bedroom, but it also has a sitting room with a fireplace. The primary bath is nothing short of ultimate luxury. tranquility awaits in the form of a grand soaking tub, complete with soothing jets that promise to melt away the day's stresses. Adjacent stands a spacious standing shower, enclosed with elegant etched glass, offering a touch of sophistication.
The lower level is an entertainer's paradise, featuring a cherry wood bar, stone fireplace, billiards area, and a stunning theatre room, along with a full bedroom and bath.
Outside, the rear yard offers a serene retreat with beautiful decking made of Ipe Mohagany, which is the strongest wood known to man, eliminating the fear of damage from the weather, a gazebo for al fresco dining, and lush greenery providing privacy. With its fenced-in yard and space for gardening, this home offers the perfect blend of luxury and practicality.
In summary, this property presents an unbeatable opportunity to own a meticulously designed and well-appointed home in a coveted location, offering unparalleled value and endless possibilities for luxurious living.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017