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7530 DAMASCUS ROAD
About This Property
Main level features a two story entry foyer, hardwood floors throughout, formal living room with fireplace, large dining room, and spacious family room with vaulted beamed ceilings, stone fireplace, skylights, built-in sound system, and access to the screened porch and large deck overlooking the backyard and woods. Main-level office, two half baths, laundry room, and mudroom. Kitchen includes new granite countertops, newer stainless steel appliances, kitchen island, Italian tile flooring, and breakfast area overlooking the deck and backyard.
Upper level offers 5 spacious bedrooms and 3 full bathrooms, including a large primary suite with fireplace, walk-in closet with recently upgraded closet system, and remodeled bath. Fifth bedroom features cathedral ceilings and private balcony access, perfect for a home office, studio, or entertaining space.
Fully finished walkout basement includes recreation room with stone fireplace, custom bar area, game room, additional bedroom, full bath, and large storage space. Walk out to the oversized stone patio and enjoy the private outdoor setting.
The home was fully remodeled in 2011, including new siding, and has seen many recent updates including roof (2020), well pump (2025), upgraded lighting, resurfaced driveway, restained deck, and neutral paint throughout. Additional features include 400-amp electrical service and Andersen windows throughout the home.
Conveniently located with easy access to commuter routes while offering a truly private wooded setting. A unique combination of space, privacy, and luxury living.
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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.
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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017