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11219 Gladhill Road
About This Property
The tranquil, fully landscaped backyard features a dedicated fire-pit area, picnic table, expansive lawn, outdoor lighting, and multiple patio areas, creating a private setting for entertaining and relaxing. A permitted two-car detached garage adds valuable versatility and may be ideal for a guest house, private studio, home office, or additional living space, subject to applicable requirements. The converted garage includes a bathroom, good-sized closet, and wall-mounted A/C. Both the main residence and detached garage have their own newer water heaters. Additional improvements include updated electrical outlets, newer light and bathroom fixtures, Bluetooth-enabled exhaust fans, updated sinks and toilets, newer vinyl flooring, and fresh paint throughout. Windows are approximately five years old, with tinted front windows for added privacy and comfort. Indoor laundry adds convenience. This exceptional property combines thoughtful updates, abundant outdoor space, and versatile living options, making it an excellent opportunity for comfortable living and multigenerational needs.
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Oct 7, 2026 | Listed by Keller Williams | $838,000 | |
| Listed by Keller Williams | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 3, 2020 | In contract | - | |
| In contract | |||
| Sep 27, 2020 | Relisted | $555,899 | |
| Relisted | |||
| Aug 28, 2020 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017