48 Gleason Drive
About This Property
The main level offers 3 spacious bedrooms, a modern kitchen outfitted with stone countertops, a center island, recessed lighting, and sleek stainless steel appliances. Dual sliding glass doors open from both the kitchen and dining area to a raised deck, creating an ideal space for relaxing, entertaining, or celebrating under the open sky.
Inside, the layout flows with thoughtful design - a separate dining and living room, and a sunlit bathroom featuring a jetted tub, tiled finishes, and a skylight that pours in natural light.
But the space doesn't stop there. The lower level offers two additional rooms - perfect as guest rooms, a home office, or gym - plus a versatile den or family room at the center of it all.
Enjoy the outdoors with a lush, professionally landscaped yard, perfect for summer gatherings or quiet evenings in nature. The home also features Andersen windows throughout, a 1-car garage, and a driveway with room for two more vehicles.
This cherished home has only had one owner - and now it's your turn. Wouldn't you love to be the second?
? Come see it before it's gone - this gem won't last!
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 29, 2025 | Listed by eXp Realty | $699,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017