27
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1046 CEDAR AVENUE
About This Property
From the moment you arrive, you'll appreciate the picturesque setting, expansive driveway, and beautifully maintained grounds. Step inside and discover an impressive open-concept floor plan featuring gorgeous hardwood flooring, recessed lighting, and custom two-tone wall treatments that bring warmth and character to the living spaces.
The beautifully redesigned kitchen is a true showstopper, featuring elegant gray cabinetry with dovetail construction and soft-close doors and drawers, luxurious quartz countertops, stainless steel appliances, a stylish backsplash, and a spacious center island that's perfect for entertaining. The kitchen flows seamlessly into the inviting living and dining areas, creating an ideal space for both everyday living and gatherings with family and friends.
Both full bathrooms have been tastefully remodeled with contemporary finishes, including beautiful tilework, updated vanities, and sleek fixtures. The bedrooms offer comfortable retreats with abundant natural light and peaceful views of the surrounding property.
And the upgrades go far beyond cosmetics! In 2021, the home received a new roof, windows, heating system, central air conditioning, and hot water heater, providing tremendous peace of mind for years to come.
The finished lower level offers an incredible amount of additional flexible living space, perfect for a recreation room, home office, fitness area, or entertainment space. A full French drain system has also been installed in the basement, adding valuable protection and peace of mind.
Outside is where this property truly separates itself from the competition. Situated on a rare half-acre double lot, the expansive grounds offer endless possibilities for outdoor entertaining, gardening, recreation, or simply enjoying the privacy and tranquility of nature. With mature trees, generous open lawn space, and a peaceful setting, you'll feel like you're on your own private retreat.
Adding to the property's appeal, the home is connected to public sewer, a highly desirable and hard-to-find feature in the area.
Completely remodeled, major systems replaced, protected by a full French drain system, connected to public sewer, move-in ready, and situated on an exceptional double lot - this is the kind of property that doesn't come along every day. Enjoy modern living, incredible outdoor space, and the freedom to simply unpack and enjoy. Schedule your private showing today!
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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 |
|---|---|---|---|
| Oct 20, 2026 | Listed by Real Broker, LLC | $349,900 | |
| Listed by Real Broker, LLC | |||
| Jan 31, 2019 | Sold | ||
| Sold | |||
| Jan 10, 2019 | Listed by New Jersey Home Sales Inc | $39,900 | |
| Listed by New Jersey Home Sales Inc | |||
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About Victory Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017