38
Map
399 Delaware Drive
About This Property
The house was fully renovated in 2018. Ceilings were opened to expose the wood structure above; floors were laid in warm hardwood; windows enlarged to draw in more light and more green. A fireplace was built. The result is a home that feels considered and highly livable.
A mudroom at the entry doubles as a den. Beyond it, the open living area unfolds across three distinct zones. The kitchen anchors one end: generous in scale, with a large island, a peninsula, and a deliberate mix of wood and concrete countertops. Storage ranges from open shelving to closed cabinetry, and the layout accommodates a barstool breakfast as easily as a proper sit-down at the dining table just behind it.
The living room centers on the recently constructed fireplace. A large picture window was added to frame the surrounding greenery, and the deck beyond is easily accessed from the living area. It faces west, which matters if you have opinions about sunsets.
The primary bedroom is ensuite; the bathroom is tiled and has a walk-in shower. It comfortably accommodates a king bed. A door off the back opens to a private deck. The second bedroom also has its own deck and again, allows for a king bed. The third is currently configured with bunks. The second bathroom takes a different approach: a soaking tub with a wood surround lends it warmth: think candle-lit soaks and a glass of bubbly in the bubbles.
Downstairs, a full unfinished basement offers storage or the bones for something more considered, say, a game room, a workshop, a proper home gym. The two-car garage connects directly to the house, has been divided into two functional sections, and includes a 240-volt outlet for EV charging.
Outside, the property makes great use of its size. Mature plantings abound: a massive willow commands one side of the lot. Old-growth lilacs perfume the area come springtime. Hydrangeas soar to over 10 feet. A fenced raised-bed garden catches good light. An outdoor shower handles post-river play. There are a few seating options for taking in the summer garden. Yes, a rose will do nicely, thank you.
When the mood calls for it, Main Street Narrowsburg is a short walk or easy bike ride. It's a genuinely good Main Street, with restaurants and shops that have quietly made this small river town one of the more compelling destinations in the Catskills region. And when it doesn't, the Delaware is right there - for a cooling splash of crystal-clear water, a lazy afternoon in a kayak, or cast a fly and try your luck during the shad run.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017