138 JASON DRIVE
About This Property
Step inside through a striking front door to original hardwood floors flowing throughout this spacious 4-bedroom retreat. The bright, open living room and kitchen invite you in, offering ample table space or the option to add your own island. The kitchen shines with stainless steel appliances, butcher block counters, upgraded cabinetry, recessed lighting, and a window framing the expansive acreage. A generous laundry room provides convenience with direct access to the back patio. The primary suite is a cheerful haven, featuring a full bath with separate shower, double vanity, and recessed lighting. Three additional sizable bedrooms share the second full & expanded hall bathroom.
The crown jewel of this property is the expansive 1200 sf 4-car garage with vaulted ceilings and its own meter and electrical panel-a versatile space ready to adapt to your dreams. Finish the inside to be an apartment and rent it out - options are endless.
Perfect for car collectors, it can house classics, an RV, or boats with room for lifts or a loft. DIY enthusiasts will love the potential for an auto shop, woodworking studio, or artisan workspace, while entrepreneurs can transform it into a business hub, warehouse, or rental income source. Imagine a home gym, game room, or entertainment haven, with the soaring ceilings accommodating climbing walls or dramatic decor. From seasonal storage to a music studio or indoor garden, this one-of-a-kind garage offers endless possibilities for hobbies, passions, or practical needs-all just steps from your private 5.5-acre retreat.
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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 |
|---|---|---|---|
| Jun 13, 2025 | Sold | ||
| Sold | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Price Decreased |
$499,000
↓ $26K
(5%) | |
| Price Decreased | |||
| Mar 8, 2025 | Price Increased |
$525,000
↑ $26K
(5.2%) | |
| Price Increased | |||
| Feb 23, 2025 | Listed by Spangler Real Estate | $499,000 | |
| Listed by Spangler Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017