903 TURKEY RUN RD
About This Property
The entry hall opens to an elegant living room with an extraordinary limestone fireplace with a herringbone firebox and custom chimney breast mantle, an elegant dining room with connecting butler's pantry and a wood paneled library with built-ins and scenic views. A gallery that is washed with sunlight from walls of windows connects the formal area to the family space. The informal area includes a spacious kitchen with a huge eat up center island, an abundance of classic cabinetry, professional appliances including a Lacanche range and Subzero refrigerator and a cozy breakfast room with corner stone gas fireplace. The adjoining family room with beamed ceiling and a stone gas fireplace is the perfect place to relax. The main level features 12 ft ceilings, and is complete with a wood paneled elevator, hobby room/mudroom with dog bath and laundry, two sets of stairs to the upper and lower levels and an oversized pantry. There is a separate entrance to private quarters over the garage.
On the upper level the owner's suite has amazing vistas of the gardens and pool, a morning bar with beverage refrigerator, a 500 sf custom closet with two butler islands and a luxury bath with a stand-alone tub flanked by two art niches, seamless glass shower and his and her vanities. There are three additional generous en suites and a home office or study room with built-ins cabinets and desk.
The walkout and light filled lower level offers the ultimate space for entertaining with seamless flow to the expansive terrace with pool, spa, and pavilion with stone fireplace. Enjoy gatherings in the family room with coffered ceiling and stone gas fireplace that includes an adjoining billiards room with full equipped bar alcove. 1200 bottle temperature-controlled wine cellar with adjoining tasting room, fifth bedroom with full bath, fitness room with walls of windows with scenic views, a pool & exercise bath, a fully equipped media with snack bar and front and back stairs. This home is equipped with a whole house generator. Designed for both comfortable daily living and elegant entertaining, this elegant residence provides a timeless destination in one of the best locations in the Washington area.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017