72 Wegebauer Road
About This Property
Enter the main house by stepping into the massive great room which boasts natural light, cathedral wood beam ceilings, wide-plank hardwood floors, a rustic stone fireplace, and huge glass sliding doors overlooking the flagstone patio and beautiful landscape. The open living area flows into an updated kitchen with a large island, marble countertops, stainless steel appliances and a sky-lit dining nook. Adjacent is the family room with a wood-burning stove currently set up with a pool table next to a cozy den perfect as a TV room. On the main level there are two nicely sized bedrooms, two renovated full baths, and a bonus room/office. Retreat up the floating staircase to the loft area and the fully renovated primary suite. The generous primary features skylights, a large walk-in closet, and luxurious en-suite bathroom with a soaking tub and double shower. Outside, the expansive stone patio invites you to savor the spectacular views of the grounds while dining outside or gathering around the chiminea.
Nestled amongst the trees is a newly renovated guest house. Known as the "Sugar Shack", it was once a barn where maple syrup was made. The structure has so much character having preserved much of the barn's interior woodwork and shape while at the same time being essentially a new build. Complete with a new slab, new roof, radiant heat concrete floors, 30' cathedral ceilings, a wood-burning stove, split units, new glass sliding doors, and an open modern kitchen with large windows framing spectacular views of Overlook Mountain. The Sugar Shack is nicely situated at a distance from the main house, so it's perfect for rental income and has been successfully run as such.
This sprawling private retreat in an idyllic setting is truly a unique offering. An additional 8.8 acres of abutting land is also available. Just 6 minutes to Woodstock Village, 14 minutes to Saugerties Village, 30 minutes to Amtrak at Rhinecliff, and 1.5 hours to GWB. Additional Information: Amenities:Soaking Tub,Storage,ParkingFeatures:2 Car Detached,
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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