85 Constitution Avenue
About This Property
Step inside to a soaring living room with vaulted ceilings and a stunning floor-to-ceiling shiplap fireplace with gas logs, creating a dramatic focal point in the open main living area. The chef's kitchen features quartz countertops, premium appliances, custom hood, gas range, and a hidden walk-in pantry, flowing seamlessly into the dining and living spaces and connected with gorgeous engineered hardwards.
The split-bedroom floor plan provides privacy, with two secondary bedrooms connected by a Jack-and-Jill bath featuring custom tile. The luxurious primary suite showcases decorative beams, a spa-like bath with 6-ft soaking tub, custom tile shower, double vanities, and dual walk-in closets. The primary suite also offers direct access to the laundry room, designed with lot of caninetry, sink, and custom tile for ultimate convenience.
The beautiful home office with beams and cathedral ceiling includes pocket doors for privacy. Upstairs, the bonus room with full bath and walk-in closet offers flexible space for guests, recreation, or a private retreat (septic permitted for 4 bedrooms).
Outdoor living shines with a very large screened porch overlooking a private backyard, plus a patio perfect for entertaining--with room for a future pool.
Additional features include:
• Mudroom with built-in bench
• Powder room for guests
• Tankless gas water heater
• Gas fireplace and gas range
• Fiber cement siding for low maintenance
• Fully encapsulated crawl space
• Premium finishes and custom craftsmanship throughout
Freedom Farms is a small community with walking trails and convenient access to I-40, Clayton, Smithfield, and Garner, making commuting easy while enjoying peaceful neighborhood living.
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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 |
|---|---|---|---|
| Oct 8, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Price Decreased |
$725,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| May 8, 2026 | Price Decreased |
$745,000
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Mar 13, 2026 | Listed by HomeTowne Realty | $765,000 | |
| Listed by HomeTowne Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017