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1981 Park
About This Property
This stunning 1955 Spanish estate was completely remodeled in 2015 and offers the perfect blend of timeless charm and modern luxury. Situated on an expansive 33,106 sq ft lot, this turn-key property is designed for comfort, privacy, and exceptional entertaining.
Step inside to find 3,754 sq ft of refined living space, featuring 4 oversized bedrooms, including a spacious primary suite with a grand walk-in closet and a luxurious ensuite bath. The home showcases original oak hardwood floors, elegant wood shutters, and a chef-inspired kitchen equipped with Thermador appliances, a 6-burner stove with griddle and dual ovens, a powerful hood, and granite countertops.
Outdoor living is a dream with two large patios, built-in BBQ areas, and a resort-style junior Olympic–sized pool (20' x 40', 10 feet deep) complete with diving board and slide-ideal for hosting and recreation.
Car enthusiast? You'll love the 3-car attached garage, 2-car detached garage, and oversized driveway with parking for up to 10 vehicles. The property offers enhanced privacy and security with an electric gate plus energy efficiency through solar panels with three backup batteries. Comfort is ensured year-round with two HVAC units.
This is a rare opportunity to own a beautifully updated Spanish estate with every amenity imaginable.
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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 26, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 24, 2026 | Price Decreased |
$799,000
↓ $41K
(4.9%) | |
| Price Decreased | |||
| May 9, 2026 | Relisted | $840,000 | |
| Relisted | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017