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183 CHOPTANK ROAD
About This Property
The main level includes three bedrooms and two full baths, including a spacious primary suite with hardwood flooring, French door entry, soaring two-story vaulted ceiling, skylight and two double-door closets. The renovated primary bath features ceramic tile flooring, granite-topped furniture-style vanity, towel warmer and an oversized step-in shower with floor-to-ceiling tile, recessed shelving and sliding glass enclosure. Two additional bedrooms share an updated hall bath with granite top vanity, ceramic tile flooring, linen closet and tiled tub/shower.
The finished walkout lower level offers exceptional flexibility with a large recreation room featuring vinyl plank flooring, built-in cabinetry and updated French doors leading to the side yard. A private office with cabinetry provides the perfect work-from-home space. The fourth bedroom includes vinyl plank flooring, ceiling fan, egress window, a large built-in wardrobe with dressing area and an attached full bath featuring a dual-sink vanity, soaking tub, separate tiled shower with dual shower heads, linen closet and private water closet. A powder room and laundry area with Whirlpool Cabrio Energy Star washer and dryer complete the lower level.
Outdoor living is just as impressive with a large composite deck with vinyl railings and stairs to the backyard, partially fenced yard backing to lots of open space, double-door storage shed with electricity, playground equipment and cantilever umbrella that conveys. Additional features include double-pane tilt-in vinyl windows, insulated garage door, 12-foot garage ceilings, garage cabinetry and shelving, updated HVAC (2026) with electronic air filter, water heater (2022), NEW attic insulation(2026) and numerous other improvements that make this home truly move-in ready
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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.
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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