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8005 GRACIE DRIVE
About This Property
Inside, you'll find 3 spacious bedrooms, 3 full bathrooms, and 1 half bath, along with a large 2-car garage and a versatile bonus room in the fully finished walkout basement ideal for a home office, guest space, gym, or hobby room. The main level has been thoughtfully updated and opened up to create a brighter, more expansive living area with improved flow for both everyday living and entertaining.
Recent improvements include fresh interior paint (2026), updated door hardware (2026), a brand-new twin vanity in the primary bathroom (2026), and a new vanity in the guest bathroom (2026). Multiple modern touches throughout the main level enhance the home's clean and updated feel while maintaining its warmth and character.
Outdoor living is just as impressive, featuring a fully screened-in porch and additional patio space overlooking the flat backyard - perfect for relaxing evenings, entertaining guests, or enjoying the privacy and flexibility that comes with nearly 1.5 acres of usable land.
Conveniently located within walking distance of the highly sought-after Colgan High School and PWCS Aquatics Center.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017