$5,899,000
Investment Summary
- Monthly Cash Flow
- -$24,795
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -21.9%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.2%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
BEAUTY AT A GLANCE: Whether you’re looking for a peaceful retreat, a platform to build something meaningful, or a flexible space that blends both — this estate offers the freedom to live your vision. Rooted in history, surrounded by nature, and ready for what’s next, it’s not just a place to own — it’s a place to belong. WHO IT'S MEANT FOR: a) The Private Visionary Your own riverfront retreat, where the world slows and peace of mind catches up. This is for the one seeking privacy without distance — Live in quiet elegance. Relax in the Manor. Ride horseback. Hike through the trees and meadows. Harvest fresh eggs or wildflowers. Host friends...Or don’t. Create and enjoy your own vision. b) The Entrepreneur A brand-scape awaits, already seeded. If you dream in ventures — this is your moment. The estate represents three creative brands in both the virtual and physical world, with operational frameworks, and narrative assets. Explore. Launch a boutique retreat, intimate club, regenerative farm-stay, seasonal experiences, gaming preserve, or immersive wellness escapes and more. Everything you need to thrive is already here. c) The Hybrid Steward Live here. Share here. On your terms. Maybe you only need it part of the year — a few seasons to reconnect and recalibrate. The rest, you rent, lease or activate with purpose: culinary weekends, curated workshops, community supported agriculture, intimate gatherings, accommodations, and more. Monetize without commercialization. Share beauty when you are away. On your terms. CLIFF NOTES: Some places you visit. Others you feel. This estate is the latter — a once-in-a-generation, riverfront sanctuary where heritage whispers, imagination lingers, and the land seems to know your name before you arrive. Just one hour from Manhattan, perched above the Nissequogue River and wrapped in the quiet protection of hundreds of preserved acres, this 23-acre venue is more than a property. It’s a living canvas — for those who seek to create, to retreat, to enjoy a legacy. Location: On Site: Nissequogue River Basin 2 Miles: Historic Smithtown Village, Golf 3 Miles: LI Sound, State Park, Railroad 5 Miles: Wineries, Breweries, Museums 6 Miles: Historic Stonybrook Village 9 Miles: Historic Northport Village 10 Miles: Macarthur Airport 11 Miles: Historic Port Jefferson - Ferry 14 Miles: Historic Huntington Village 15 Miles: Ocean, Fire Island, Casino 35 Miles: Hamptons 44 Miles: JFK and LGA Airports 49 Miles: New York City Within 90 Miles: 130+ Golf Courses The Heart of the Estate: The land rolls gently here, opening into meadows, sheltering within woodlands, winding with trails that pull you toward the river’s edge. The views stretch endlessly across the Nissequogue Basin — golden in the morning, sunset hued at dusk. Anchoring the property is a historic 19th-century residence, flanked by vintage barns and stables, echoing a bygone era. With flexible zoning and agricultural rights, the land welcomes possibility. Opportunities like this are rare— not just for the land itself, but for the freedom it offers. Whether your vision is personal, professional, or somewhere in between, this estate is ready to meet you there. The story has deep roots. Now, it’s simply waiting for your exciting chapter. PRIVATE INQUIRIES WELCOME: Current stewards are open to aligned transitions, insight sharing, and vision continuity.
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Location
Property Details
Parking
- Details: Detached, Driveway, Garage, Private, Storage
- Garage Spaces: 4
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 21
- # of Stories: 2
- Basement: Yes
- Basement Description: Full, Partially Finished, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0800051.0007.00005.001
- Lot Size: 1001880 sqft
Property Information
- Property Type: Single Family Residence
- Style: Estate
- Year Built: 1828
Tax Information
- Annual Tax: $5,001
Utilities
- Water & Sewer: Private, Well, Public, Spring
- Heating: Hot Water, Oil, Wood, Other
- Cooling: Multi Units
Location
- County: Suffolk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$24,795
- Cap Rate
- 1.0%
- Cash-on-Cash Return
- -21.9%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.2%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $5,899,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$4,719,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $1,179,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $176,970 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $1,356,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 6,000 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $983 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.32 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $4,719,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.500% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $29,829 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $417 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $553 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $30,799 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $7,900 | $94,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$474 | -$5,688 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,426 | $89,112 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 5% | -$417 | -$5,002 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$553 | -$6,636 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$632 | -$7,584 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$395 | -$4,740 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$395 | -$4,740 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 30% | -$2,392 | -$28,702 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $5,034 | $60,408 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$29,829 | -$357,948 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $24,795 | $297,540 |