The private pilot was attempting to land a single-engine airplane on a 3,080-foot-long by 80-foot-wide asphalt runway, but made a higher than normal approach and touched down just beyond the runway numbers. During the landing roll-out, the pilot retracted the flaps and applied brake pressure, but determined there was insufficient runway length to safely stop the airplane and aborted the landing. The pilot added full power and attempted to take off again; however, there was not enough airspeed to maintain flight and the airplane struck two trees, then flew another 200 feet, before it came to rest on a parkway. The airplane's left and right wings sustained structural damage. In addition, the pilot reported that there were no mechanical deficiencies.