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7312 JAMES MADISON HIGHWAY
About This Property
The main floor features a spacious layout centering on a two-story family room with high ceilings, which connects directly to the gourmet kitchen and an attached eat-in sitting area. This level also includes a dedicated home office, formal living and dining rooms, and a powder room, all finished with luxury vinyl plank (LVP) flooring. Convenient access is provided to the two-car garage, which is equipped with an EV charger.
Upstairs are four spacious bedrooms and three full bathrooms. The primary suite includes an attached bathroom, two walk-in closets, and a secure, built-in secret/safe room. A second bedroom includes its own en-suite bathroom, while the remaining two bedrooms share a full hall bath.
The finished walk-out lower level adds substantial living space, configured with a large wet bar, a full bathroom, and two separate flex rooms well-suited for a home gym, media room, or guest quarters. Additional functional features include a central vacuum system and a whole-house water treatment system.
Outside, the 1.5-acre lot offers plenty of privacy and includes a rear patio for outdoor seating. A large, paved additional parking area provides ample space for extra vehicles, a boat, or recreational equipment. This property combines rare acreage and independence with proximity to everyday conveniences.
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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 1, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Price Decreased |
$1,049,000
↓ $101K
(8.8%) | |
| Price Decreased | |||
| Jul 19, 2026 | Price Decreased |
$1,150,000
↓ $80K
(6.5%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$1,230,000
↓ $40K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017