7967 Palencia Way
About This Property
Behold a jasmine-latticed espalier as you enter a chandelier-ed grand foyer that beckons you into a the dramatic living space exalted by a volume, triple-trayed ceiling and Palladian & bay-styled windows. Highly polished Saturnia flooring leads you past a sunken bar area; dining area; & eat-in, gourmet kitchen...& into a refined living room accented by custom, wooden, built-in cabinetry. Special attention was taken in selecting all the exquisite LED lighting/fixtures/sconces/switches; paddle fans; & window treatments.
Just off to the side is an executive office with gorgeous coffered ceiling, custom valances and drapes. AT&T Fiber Optic Cable deployed & connected inside all of house and directly to Office for uninterrupted connectivity, and blazing fast download and upload speeds. Sonance Surround Sound System in living areas & Sonance Outdoor Surround audio system for pool, patio and landscape controlled through SONOS.
A well appointed master bedroom suite includes motorized Roman shades, custom valances and drapes. His and hers fitted closets and master bath with dual sinks; Jacuzzi tub; separate water closet with toilet & bidet; separate mosaic-tiled shower -- punctuated by an elegant coral chandelier. The front, third bedroom has 3 Palladian-style, high impact windows installed with custom-fitted Plantation shutters.
IMMACULATE 2-car garage also has installed LED panel lighting
& has a designated space for a golf cart. High-end impact garage door is key coded and also on WiFi and can be operated by smartphone via an app.
***WHOLE-HOUSE Generac 45KW generator supplied by 1,000 gallon underground propane tank.***
The list of upgrades is too numerous to include here. ***PLEASE REFER TO DETAILED FEATURES SHEET uploaded as a standalone document in this listing.***
NOTE: This home sells with the lower priced $55K "Sports Membership," but upgrading to the "Golf Membership" may be possible.
--All measurements/info herein is deemed accurate, but neither warranted by Sellers or Broker.--
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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.
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About Addison Reserve
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017