Bathed in twilight and impeccably composed, 75 Simon Lake Lane is a
four-bedroom LEED home by Frankel Design Build with interiors by
Kevin Spearman Design Group. A soaring entry and sculptural
staircase unfold to wide-plank white oak floors, Visual Comfort and
Kelly Wearstler lighting, and custom window treatments throughout.
The chef's kitchen showcases Calcutta Gold stone, a 48-inch Wolf
range, and Sub-Zero refrigeration, joined by a butler's pantry and
a moody bar with a Sub-Zero wine tower. The primary retreat is
wrapped in designer grass cloth, with a full Calcutta marble bath,
alabaster sconces, and a bespoke closet with mirrored doors and
polished nickel hardware. A downstairs guest suite with LED-lit
built-ins doubles as an elegant study, while an upstairs game room
invites relaxing evenings with family and dear friends. Outdoors, a
poolside summer kitchen, fire pit, multiple lounge areas, and
whole-home Sonos set the stage for effortless, unforgettable
entertaining year-round.
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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