9032 JAMES MADISON HIGHWAY
About This Property
The heart of the home is the beautifully opened kitchen and dining area, featuring an impressive 12-person peninsula that creates the perfect setting for entertaining, casual meals, and connection. The kitchen flows into a large open-concept dining area with a fireplace, while a separate formal dining room provides an elegant space for holidays and special occasions. A kitchen nook adds even more flexibility for everyday dining.
The main level offers multiple living spaces, including a formal living room with a wood-burning fireplace and a three-panel sliding glass door leading to the deck. A separate formal family room features rich wood walls, its own private entrance, and direct deck access, creating a warm and versatile space for relaxing, entertaining, or working from home.
The expansive deck connects the formal family room, main kitchen area, and formal living room, creating a seamless indoor-outdoor entertaining experience.
Upstairs, you will find three oversized bedrooms, including a spacious primary suite with a private, fully updated bath. The home also includes a separate laundry room with folding area and a full bath conveniently located just off the kitchen.
The finished lower level offers incredible flexibility with private-entry guest/in-law suite potential, a full bathroom, additional bedrooms/flexible rooms, an office, food storage closet, backup refrigerator, and a beautifully finished rustic bar and entertainment area. The lower-level bar features granite countertops, wood trim, built-in TV area, built-in bookshelves/bookcases, and a dedicated game/dart area. There is also another fireplace in the basement suite/living area, adding warmth and character to the lower level.
Utility and system features include geothermal heating and cooling, a WaterFurnace 5 Series system, UV air purification component, Skuttle indoor air quality system, central vacuum, septic, water conditioning/filtration, and two(2) well systems designed to work in tandem for added water-supply confidence.
Outdoor features include a pond, fire pit area, herb garden, standard garden area, plenty of parking, a new roof, two separate garages, and additional exterior-access storage for lawn equipment.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Aug 24, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Relisted | $950,000 | |
| Relisted | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Aug 6, 2026 | Listed by Keller Williams Realty | $950,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017