8262 Steeplechase Drive
About This Property
The gourmet kitchen and dining area boasts white marble countertops with a full backsplash, a built-in buffet and dry bar, state-of-the-art stainless steel Sub-Zero Wolf appliances, a 36" paneled refrigerator and 36" paneled freezer, a walk-in pantry, custom cabinetry organizers, and designer chandeliers and fixtures. The den features a custom steel frame tempered glass wall with French doors, complementing the oversized impact doors and windows throughout the home.
The luxurious master suite includes a marble countertop wet bar with a sink and under-counter fridge, tray ceilings, transom windows, French doors leading to a private patio and see-through fireplace, and his/her walk-in closets. The master bathroom offers white marble tile flooring, white marble countertops, a soaking tub, designer chandelier and fixtures, his-and-her vanities and water closets with the luxurious automatic Toto toilets featuring bidet and heat functions.
The oversized covered lanai is complimented by a see-through wood-burning vented fireplace, stained tongue and groove 14' ceilings, recessed phantom screens, a summer kitchen with a Wolf BBQ grill and under-counter fridge, and an outdoor shower. The pavers and astroturf pool deck create a serene oasis, highlighted by an 18' x 37' inground salt-chlorinated pool with a hot tub and oversized sun shelf, and a gas pool heater for year-round enjoyment. A full irrigation system for the lush landscaping with custom LED lighting and an aluminum fence encloses the expansive backyard.
The laundry room is equipped with double Whirlpool washers and dryers with pre-load functions, white quartz countertops, custom cabinetry, two custom hanging racks, and a sink. Situated between the laundry room and the garage is a custom mudroom with built-in shelving for additional storage. The ultra-quiet, 4-car smart garage features epoxy flooring, LED lighting, pull-down attic stairs, spray foam insulation, and two sets of double door closets, providing ample storage.
This home is equipped with a full-home security system with cameras. It includes a 500-gallon propane tank (controlling the range, water heater, pool heater, & BBQ Grill), 400 AMP electrical service, 3-A/C units with UV light and Halo system, a 26kW home generator with a 10-year limited warranty, and 5/8" drywall on walls and ceilings for enhanced soundproofing and insulation. The home is pre-wired for Wi-Fi extenders and automatic window shades.
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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%.
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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.
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 |
|---|---|---|---|
| Aug 26, 2024 | Sold | ||
| Sold | |||
| Jun 17, 2024 | Listed by Touchstone-Webb Realty Co. | $5,250,000 | |
| Listed by Touchstone-Webb Realty Co. | |||
| Mar 25, 2020 | Sold | ||
| Sold | |||
| Jan 7, 2020 | Listed by Touchstone-Webb Realty Co. | $799,000 | |
| Listed by Touchstone-Webb Realty Co. | |||
| Jul 26, 1995 | Sold | ||
| Sold | |||
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About Horseshoe Acres West
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017