81 Locust Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | Listed by @properties Christie's International Real Estate | $6,999,900 | |
| Listed by @properties Christie's International Real Estate | |||
| Jul 13, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 29, 2024 | Listed by @properties Christie's International Real Estate | $6,999,900 | |
| Listed by @properties Christie's International Real Estate | |||
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Welcome to Locust Royale... the ultimate luxe resort living in the North Shore where entertaining, dining, swimming and sports can all happen on an incredible 1.53 acre privately perched off premier Locust Road. Huge volume & great depth of quality woven throughout this almost 15,000 sq.ft estate on 4 floors. A one of a kind layout beautifully lends to 2 ways to living: one side being all about casual comfort with a fab Great room anchored by a sensational coastal vibe O'Brien Harris kitchen w/Iceberg quartz island, white washed oak sawn cabinetry, polished RH nickel hardware & an oversized Circa lantern. This room opens to the " covered lanai" right off the pool deck which is the perfect place to unwind after the sun for cocktails & cards. Separate French doors from this space opens also opens to massive family room w/15 ft. vaulted ceilings, custom millwork w/ giant stone fireplace. The other side of this compound is all about refined elegance...entering thur the front doors to a dramatic double atrium reception foyer with cascading balcony, sweeping front staircase & finely appointed step down formal rooms with their own patios. Handsome oversized Ralph Lauren office is perfectly nooked away off living rm creating the ideal private sanctuary. Expansive 2nd floor w/ wide hallways lead to 4 hotel inspired oversized beds all w/ensuite baths including separate primary wing. Primary is a light & airy oasis w/ 2nd office, sitting rm w/ double sided limestone FP & natural stone bath. 3rd floor private retreat space with 2 more beds sharing Jack & Jill bath. Massive LL level expands under entire home with huge rec room with stone FB & English style windows w/ natural light, workout room, bedroom & 2 baths w/ endless storage. 2 staircases up & down with one leading to huge mudrom, laundry & full 1st bed option w/ spa bath. Resort inspired pool area is sensational w/ private manicured grounds creating the perfect entertaining oasis. Not to be missed as this is one house they could never be built again at this level of finish for anything close to this price...owner's love & pride shines thru as everything has been meticulously maintained to 2024 standards. Exclusive vacancy only 18 miles from the city as Locust Royale is the North Shore's ideal off lake destination!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017