16708 CASHELL ROAD
About This Property
The main level centers around a great room with double height ceilings that includes a large kitchen, dining area, and family room, naturally becoming the main gathering place for everything from everyday life to holidays and entertaining. Large windows bring in natural light throughout the home.
There are two primary suites, each with its own private bathroom featuring a rain shower and body sprays, as well as a private balcony. With a minor modification, one of the suites could easily function as an in-law suite, with a separate main-level entrance, creating a comfortable option for multi-generational living.
Throughout the home you'll find spaces designed for everyone, whether that's working from home, studying, hosting guests, pursuing hobbies, or simply finding a quiet place to relax. Multiple areas can serve as offices, sitting rooms, playrooms, fitness spaces, or media rooms depending on your needs.
The oversized, partially finished garage offers even more possibilities. In addition to providing ample parking and storage, it could be adapted into a mudroom, workshop, creative space, or additional storage area. Two laundry facilities are offered for convenience, one in the basement and one on the upper level.
The beautiful wooded lot shows through the large windows and allows for both intimate outdoor gatherings and larger ones for outdoor cooking or the fire pit.
Every detail has been thought through, from the built-in night lights in the bathrooms to the appliance garage in the kitchen, to the ability to customize as needed. With 5 full bathrooms, and several living spaces, the layout allows household members to have privacy without feeling disconnected from one another. The result is a home that can adapt as your needs change over time.
Located close to shopping, restaurants, parks, and major commuter routes, this home combines convenience with the kind of space and flexibility that's becoming increasingly difficult to find.
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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 30, 2026 | Relisted | $1,799,000 | |
| Relisted | |||
| Oct 25, 2026 | No longer available | - | |
| No longer available | |||
| Oct 19, 2026 | Price Decreased |
$1,799,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Price Decreased |
$1,849,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$1,899,000
↓ $101K
(5.1%) | |
| Price Decreased | |||
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About Olney
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$3,500 /mo
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$2,600 /mo
- 2 Beds
- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017