711 CREIGHTON Road
About This Property
The master bedroom is very large with a custom en suite bathroom. There is another large bedroom on the 1st floor with its own custom bathroom that could be used as a mother in law suite. There is an office on the 1st floor with a wall of built in shelving in addition to 1 more bedroom. There are 3 additional bedrooms upstairs with another custom bathroom for them to share.
The laundry room is massive with an exterior entrance which connects to a fireproof safe room with an exterior door to the garage. There is also an additional building with a half bath on the property that could be used for many purposes.
The property has a covered boathouse with lift and an area attached that is covered for relaxing. You can sit there and see for miles or watch the sunset or sunrise.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 6, 2020 | Sold | ||
| Sold | |||
| Sep 5, 2020 | Listed by COMPLETE HOME REALTY, INC. | $1,499,000 | |
| Listed by COMPLETE HOME REALTY, INC. | |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
| Sep 1, 2017 | Listed by COMPLETE HOME REALTY, INC. | $999,500 | |
| Listed by COMPLETE HOME REALTY, INC. | |||
| Jul 11, 2016 | Listed by DISCOVER REALTY INC | $1,099,000 | |
| Listed by DISCOVER REALTY INC | |||
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This is a total rehab down to the plumbing and wiring. Every light, fan, switch,and socket are new. 3 new A/C units with new duct work. This home is a WIFI dream from lighting, TVs, to running the AC. All appliances are stainless/Thermador. Gas stove. Double ovens, microwave and double door frig.Large walk in pantry, 2 tankless gas water heaters. 3 gas fireplaces. High end Armstrong wood floors to travertine on lanai and ceramic wood planks in the laundry room. Salt water pool with LED lighting. Pavers at parking area and sidewalk around left of house and including the pool area. Windows are new. One out building is storage and the other is like a studio with electric and plumbing-make it a guest cottage. Master is downstairs and a 2nd master also down. Office and another bedroom also on main floor. 3 Large bedrooms upstairs. Office with built-ins not counted as a bedroom. In the laundry room there is a full bath, large closet, exterior door with walk way to pool, plus a 10 x 10 room with steel door with latch lock that can be a walk-in safe or wine cellar. Half bath by staircase. Under staircase is the network center closet. Fantastic covered lanai with gas fireplace, surround sound and stubbed for a summer kitchen. Covered dock with lift for up to 10K lbs. Canal on left side of property makes you feel you are on a private point which has a small dock for jet skis, etc.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017