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10318 PARKMAN ROAD
About This Property
Inside, the home blends traditional charm with thoughtful updates throughout. The spacious and sun-filled kitchen features stainless steel appliances, ample white cabinetry, stone countertops, and counter seating, all opening seamlessly to the inviting living room with a wood-burning fireplace and built-ins. Newly refinished hardwood floors span the main and upper levels, complemented by fresh paint, curved archways, crown molding, and recessed lighting. A beautiful sunroom extends the living space and provides direct access to the back porch, while a large formal dining room and an updated powder room with stylish wallpaper add both function and personality. A main-level bedroom or home office with a closet offers flexibility for today's lifestyle.
Upstairs, the spacious primary suite is filled with natural light and includes multiple closets and an updated en suite bath with a spa-inspired shower. Step out onto the private deck with trellis detailing, overlooking the lush backyard. The secondary bedroom is generously sized with deck access, while the third features charming architectural details and two closets. The secondary updated bath is conveniently accessible from both bedrooms, while a versatile landing area creates the perfect nook for reading, studying, or relaxing.
The walkout lower level adds even more living space, featuring a large recreation room with natural light, a second wood-burning fireplace and new stone surround, a spacious laundry room, and abundant storage. A bonus room with direct access to the yard is ideal for a home gym, guest suite, or private office, offering ample additional flexibility.
Outdoors, the fully fenced backyard is truly special, with a huge flat lawn, mature trees, garden beds, and even a fruiting fig tree. A charming storage shed, separate dog run, and multiple access points from the sunroom, kitchen, and lower level make the space as functional as it is beautiful. With its combination of character, updates, and an exceptional lot, this home offers comfortable living both inside and out in the highly coveted Hillandale neighborhood.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017