78 SOUTH Road
About This Property
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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.
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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 |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Sep 12, 2024 | In contract | - | |
| In contract | |||
| Apr 24, 2024 | Listed by Houlihan Lawrence Inc. | $1,850,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Welcome to this historic gem nestled on over 21 acres with gorgeous mature plantings in Millbrook, just 5 minutes from the Village. Built in 1776 by the esteemed De La Vergne family, who once owned all the land to Innisfree Garden, this remarkable property boasts timeless elegance and unique charm. With 4 bedrooms, 2.5 baths, and 2 living rooms, including a first-floor primary suite, there's ample space for comfortable living.
The property also features a converted barn with its own bedroom, bath, and kitchenette, offering additional versatility and potential. As you explore further, you'll be greeted by a large bluestone terrace enveloped by lush perennial gardens, complete with a gunite pool creating a tranquil outdoor oasis.
Step inside to discover the early craftsmanship, with plaster walls, old wide board floors, and exquisite moldings that speak to its heritage. The main level features a formal dining room, foyer, kitchen, a spacious living, a big great room addition, 2 woodburning fireplaces and a large first-floor primary ensuite. The second level hosts three additional bedrooms and a full bath, providing ample accommodation. A spacious blue stone patio provides an inviting space for outdoor gatherings.
This expansive estate includes a small schoolhouse outbuilding, currently used as a charming potting shed. Land on both sides of the road, complete with a pond and stream.
A rare opportunity to own a piece of Hudson Valley heritage. Whether you're seeking a peaceful retreat or a place to create lasting memories, this property invites you to experience the timeless allure of country living at its finest, just 90 minutes from NYC. Additional Information: Amenities:Guest Quarters,HeatingFuel:Oil Above Ground,
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| Jan 31, 2013 | Sold | ||
| Sold | |||
| Mar 29, 2012 | Listed by PAULA REDMOND REAL ESTATE, INC ML | $895,000 | |
| Listed by PAULA REDMOND REAL ESTATE, INC ML | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017