4310 BUCKEYSTOWN PIKE
About This Property
Upstairs, the center hall layout is flanked by two bedrooms on each side and includes two beautifully renovated full baths, a convenient laundry room, and generous storage. The top-level attic is fully floored, offering excellent potential for expanded living space or additional storage. The lower level basement reveals the home's rich history with remnants of the original scullery and working areas, along with abundant storage options. Outdoors, the property continues to impress with a barn, detached garage, pergola, firepit, expansive front yard, and both covered front and rear porches perfect spaces for relaxing and enjoying the picturesque setting of this truly special historic estate.
Significant recent improvements enhance the home's comfort and efficiency, including replacement windows installed in two phases (2021 and 2023), a new roof and gutters with gutter guards (also installed on the garage) in 2022, and eight Mitsubishi mini-split systems added in 2020 to provide efficient heating and cooling. Most appliances are less than three years old, with the exception of the microwave. The front porch was completely rebuilt in 2024 with new footers, framing, Trex decking, and railings. Additional updates include a new pressure tank installed in 2022, two newer hot water heaters, and a water softening system added in 2023.
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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