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1821 Gray Road
About This Property
From the moment you arrive, the home's curb appeal sets the tone -- a circular driveway, manicured landscaping, and a covered front porch framed by rich brick and stacked stone. Inside, hardwood floors, crown molding, coffered ceilings, and plantation shutters create an atmosphere of understated elegance throughout. The open living area anchors around a striking stone fireplace, while the chef's kitchen showcases custom cabinetry, granite countertops, stainless appliances, and a sun-drenched breakfast nook.
The main-level primary suite is a true retreat -- tray ceilings soar overhead while the room offers ample space for a private sitting area. The en suite bath features dual granite vanities, a soaking tub, and a walk-in tile shower, complemented by a generous walk-in closet. Two additional main-level bedrooms share a full bath, while upstairs a generous bonus room offers flexibility as a media room, home office, or fourth bedroom.
Additional highlights include natural gas plumbing, a laundry room with cabinetry and granite counters, two-car garage, covered rear porch, and a flat backyard with room for a pool.
For families, the location is hard to beat -- a nearly 15-acre community park with walking trails and recreational amenities is currently being developed directly across the street, with Hamilton Place Mall, premier dining, top medical facilities, and multiple interstate access points all just minutes away.
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Cap Rate Calculator
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 29, 2026 | Sold | ||
| Sold | |||
| May 30, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $600,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017