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3517 CASTLE WAY
About This Property
At the heart of the home is a gorgeous gourmet kitchen featuring a spacious island, granite countertops, stainless steel finishes, and high-end appliances, including a Sub-Zero refrigerator and 6-burner Viking cooktop with downdraft. The kitchen flows easily into the living spaces, making it ideal for both everyday living and entertaining.
Retreat to the spacious primary suite, complete with a beautifully renovated, spa-inspired bath featuring heated floors and a heated towel rack. Sliding glass doors provide direct access to the oversized deck for enjoying your morning coffee.
The inviting family room is highlighted by a striking stone fireplace with custom mantel, while crown molding adds a polished touch throughout the home. Two additional bedrooms and a full bath provide comfortable accommodations for family, guests, or a home office.
Looking for even more space? The full unfinished basement with high ceilings offers tremendous potential for future expansion, recreation, a home gym, workshop, or additional storage. An attached 2-car garage includes a dedicated work area and cabinetry, while two additional sheds provide plenty of room for tools, projects, lawn equipment, and recreational gear.
Major updates include a new roof in 2026 and an updated Bosch HVAC system (2022) with propane backup.
A rare opportunity to enjoy space, privacy, and a beautiful natural setting without sacrificing convenience. With over 3 acres, generous one-level living, quality upgrades, and room to grow, this is a property you won't want to miss.
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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 |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$1,290,000
↓ $160K
(11%) | |
| Price Decreased | |||
| Aug 29, 2026 | Listed by Long & Foster Real Estate, Inc. | $1,450,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Apr 1, 2011 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017