81 Park Drive N
About This Property
The kitchen, generous dining area, and adjoining family room with fireplace create an inviting setting for everyday living and entertaining. Well-proportioned den, living, and dining rooms provide gracious formal spaces, while a first-floor bedroom suite offers flexibility.
The second floor features six bedrooms and five full baths, including a spacious primary suite, plus a second laundry. A bright third floor provides versatile space for an office, playroom, or retreat. The large finished lower level adds an additional 1,500 sqft of flexible living space, with a gym, areas for gaming and entertaining, mudroom, third laundry, and both a half and full bath.
Outdoor living is equally inviting, with an enclosed porch off the kitchen that can be opened seasonally as a screened porch. The private rear terrace features living and dining areas, a wood-burning fireplace, and large gas grill, ideal for relaxed entertaining.
Three garages, including one with an electric vehicle charging connection, complete the property. With its generous scale, flexible living spaces, privacy, and exceptional indoor-outdoor entertaining areas, 81 Park Drive North is a beautiful, substantial, and thoughtfully designed Colonial.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Compass Greater NY, LLC | $5,495,000 | |
| Listed by Compass Greater NY, LLC | |||
| Mar 8, 2002 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017