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$1,698,000

For Sale - Active
2 Stonytown Rd, Manhasset, NY 11030
5 Beds
3 Baths
3,320 Square Feet
0.40 Acres Lot
Built in 1959
For Sale - Active
1 Units
Checked: 24 hours ago
Updated: Jun 06, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$4,140
Cap Rate
3.1%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.3%

Property Description


0.40 Acres Lot
Built in 1959
For Sale - Active
1 Units

Private Contemporary Escape on Nearly Half an Acre. Tucked away on almost half an acre of flat, secluded land, this exceptional contemporary home offers the ultimate in privacy and space. With five bedrooms and three-and-a-half baths, it’s a home designed for comfort, flexibility, and today’s modern lifestyle. At the center of the home is a spectacular family room with vaulted ceilings, a fireplace, and triple exposure—flooded with natural light and seamlessly connected to an expansive deck for easy outdoor living. It’s a space where everyone naturally gathers. A formal dining room, elegant living room with a second fireplace, and a sunny breakfast room next to the newly renovated kitchen provide wonderful flow and functionality—ideal for everyday living and entertaining alike. Three bedrooms on the first floor and two more upstairs offer room for guests, creative pursuits, or remote work—all within a layout that respects privacy and quiet throughout. Set just a short distance from Manhasset Bay and the Long Island Railroad, with easy access to shopping and dining, this home is a rare opportunity for those who value privacy without sacrificing convenience.

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Location


Property Details


Parking

  • Description: Private, Attached
  • Details: Driveway
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 03009000122
  • Lot Size: 17498 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1959

Tax Information

  • Annual Tax: $21,167

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard
  • Cooling: Ductless, Wall/Window Unit(s)

Location

  • County: Nassau

Listing Details


Listed by:
Rosemary E. O Neill CBR
Daniel Gale Sothebys Intl Rlty
(516) 627-4440

Source:
OneKey MLS
MLS#: 852594
OneKey MLS

Investment Summary


Monthly Cash Flow
-$4,140
Cap Rate
3.1%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.52
Internal Rate of Return (5 years)
-8.3%

Purchase Details

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Purchase price:
$1,698,000
Amount financed:
-$1,358,400
Down payment:
$339,600
Closing costs:
$50,940
Rehab costs:
$0
Initial cash invested:
$390,540
Square feet:
3,320
Cost per square foot:
$511
Monthly rent per square foot:
$2.71

Financing Details

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Loan amount:
$1,358,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$8,586
Property tax:
$1,764
Insurance:
$630
Private mortgage insurance (PMI):
$0
Monthly payment:
$10,980

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,000 $108,000
Vacancy loss: (6%)
6% -$540 -$6,480
Operating income:
$8,460 $101,520

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$1,764-$21,167
Insurance: (7%)
7%-$630-$7,560
Property management: (8%)
8%-$720-$8,640
Repairs & maintenance: (5%)
5%-$450-$5,400
Capital expenditures: (5%)
5%-$450-$5,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (45%)
45%-$4,014-$48,167

Cash Flow


Monthly Yearly
Net operating income:
$4,446 $53,352
Mortgage payments:
-$8,586 -$103,032
Cash flow:
$4,140 $49,680