78 Grace Estates Drive
About This Property
Situated on **0.60 acres**, this thoughtfully designed home features an open-concept floor plan with a spacious family room anchored by a stunning floor-to-ceiling stone fireplace. The gourmet kitchen is a chef's dream, showcasing **KraftMaid cabinetry**, a large center island, quartz countertops, tile backsplash, and stainless steel appliances.
The luxurious primary suite serves as a private retreat with a spa-inspired bath featuring a freestanding soaking tub, custom-tiled walk-in shower, and elegant finishes throughout. A well-appointed mudroom and laundry room offer quartz countertops and abundant storage for everyday convenience.
The fully finished lower level provides incredible flexibility with **2 additional bedrooms, 2 bonus rooms, a full bath, kitchenette, and a spacious recreation area**, making it ideal for multi-generational living, guest accommodations, a home office, fitness room, or entertaining.
Step outside to enjoy the covered back porch overlooking the fenced backyard-perfect for relaxing or hosting family and friends.
**An adjoining lot is also available**, offering the opportunity to expand the property to approximately **1.41 acres**.
**Motivated sellers have priced this home to sell. Schedule your private showing today and bring your offer!**
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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 |
|---|---|---|---|
| Aug 12, 2026 | Sold | ||
| Sold | |||
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$498,000
↓ $44K
(8%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Increased |
$541,500
↑ $44K
(8.7%) | |
| Price Increased | |||
| May 27, 2026 | Price Increased |
$498,000
↑ $500
(0.1%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017