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8085 GRACIE DRIVE
About This Property
Main level living has been reimagined with an open layout that creates an ideal setting for entertaining and everyday comfort. Set on a 1.12-acre lot, the property delivers exceptional outdoor space and seclusion, enhanced by a long private driveway that adds both privacy and convenience with generous additional parking capacity.
There are several standout outdoor features, with a swimming pool, pool equipment, and playground equipment that all convey. A screened-in deck (2022) extends the living space outdoors, while the fully finished walkout basement provides flexible recreation or guest space with excellent natural flow to the backyard.
The original garage has been fully converted into a finished space-well-suited for a home gym, workshop, craft room, or flexible bonus use. Additionally, a detached parking platform has been installed, originally intended for a future enclosed garage, offering clear expansion potential.
Conveniently located within walking distance to Colgan High School and the PWCS Aquatics Center.
Notable updates include a major kitchen remodel (2022), new dishwasher (2026), main level hardwood and basement LVP flooring (2021), sliding glass door (2021), new well pump (2025), and a water softening/treatment system (2023).
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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