11 Penny Lane
About This Property
The upper level serves as a private sanctuary, headlined by a sprawling primary suite complete with an intimate sitting area, a large walk-in closet, and a notably large en suite bathroom. Three additional spacious bedrooms ensure comfort for family and guests alike. For those seeking even more room to grow, the full walk-out basement offers immense potential for customization or ample storage. Situated within the Pinelands Regional School District, this home places you minutes from the Sea Oaks Country Club, the historic Tuckerton Seaport, and the natural beauty of Bass River State Forest.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Price Decreased |
$620,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$625,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Apr 18, 2026 | Price Decreased |
$635,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Ocean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017