8819 DAMASCUS ROAD
About This Property
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | Listed by RE/MAX Realty Plus | $599,000 | |
| Listed by RE/MAX Realty Plus | |||
| May 29, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | Listed by Perennial Real Estate | $495,000 | |
| Listed by Perennial Real Estate | |||
| | |||
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Welcome to 8819 Damascus Road! Nestled on a serene 20,206 square foot lot with endless potential, this home offers 4 bedrooms and 3 full bathrooms, providing a functional layout and great bones for your future updates. The main level features wood floors and a bright living room that flows into the dining room with access to the rear deck. The kitchen is conveniently located adjacent to the dining area. This main living level is complete with three bedrooms and two full bathrooms, including a primary suite with a private bathroom. 8819 Damascus Road and 8901 Damascus Road are adjacent properties owned by the same seller, both currently for sale. They offer a unique opportunity to be purchased together, providing ultimate privacy or the potential for a combined estate.
The lower level boasts a cozy family room with a cast-iron stove insert and built-ins, a fourth bedroom, a full bathroom, and a laundry/storage room. The one-car garage is also accessible from this level. While the home is in need of some work, its solid structure and peaceful setting make it a fantastic opportunity. Outside, enjoy a picturesque yard with mature trees and ample space for outdoor activities.
Just up the street is the charming town of Damascus, known for its small-town feel, and ranked in Money Magazine's Best Places to Live list. Come enjoy life here!
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| Oct 22, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017