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990 THOMAS ROAD
About This Property
Welcome to this beautifully maintained custom home situated on a spacious corner lot, offering modern construction, thoughtful upgrades, and the freedom of **NO HOA**. Built in 2024 and enhanced by the current owners, this property delivers the peace of mind of newer construction along with valuable improvements already completed for you.
Inside, you'll find soaring **9'4" ceilings**, polished concrete floors, oversized interior doors, recessed lighting, and an open-concept design filled with natural light. The chef-inspired kitchen features **soft-close hardwood cabinetry, granite countertops, stainless steel appliances, and a comfortable eat-in dining area**, making it the perfect space for both everyday living and entertaining.
The spacious primary suite offers a large walk-in closet and a private bath with dual vanities and a walk-in shower. The guest bathroom includes a convenient tub/shower combination.
Since construction, the owners have added several desirable upgrades, including a **screened patio for year-round outdoor enjoyment**, **gutters and downspouts**, **hurricane shutters for added storm protection**, decorative landscape curbing, and a **transfer switch for generator readiness**. The attached garage has also been enhanced with its **own dedicated air-conditioning system**, creating an ideal space for a workshop, home gym, hobby room, or climate-controlled storage.
Outside, the oversized corner lot provides abundant space for parking, recreation, or future expansion. A detached **9.5' x 11' storage shed with approximately 9.5-foot height** offers excellent additional storage for tools, equipment, lawn gear, or recreational items.
Additional highlights include a newer appliances, washer and dryer, stained tongue-and-groove ceilings on the front and rear porches, modern plumbing and electrical systems, energy-efficient construction, and an oversized driveway.
This is a rare opportunity to own a nearly new home where the major construction and many of the post-build upgrades have already been completed. Schedule your private showing today and experience the comfort, flexibility, and value this exceptional property has to offer.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017