1
Map
14 Forest Street #304
About This Property
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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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by Keller Williams Realty - NJ Metro Group | $275,000 | |
| Listed by Keller Williams Realty - NJ Metro Group | |||
Property Highlights
14 Forest Street #304, Montclair, NJ, 07042
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/15/2024
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
$299,000
11/15/2024
|
-
|
LAURENA WHITE
PROMINENT PROPERTIES SIR
| |
|
07/17/2024
| |
2 Bed
|
1 Bath
|
-
|
$349,000
2 Bed
1 Bath
|
$456,000
+30.66%
09/06/2024
|
-
|
AMY OWENS
KELLER WILLIAMS - NJ METRO GROUP
|
|
05/24/2024
|
1 Bed
|
1 Bath
|
-
|
$275,000
1 Bed
1 Bath
|
$315,000
+14.55%
06/28/2024
|
-
|
SILVIA ZAPPALA
KELLER WILLIAMS - NJ METRO GROUP
| |
|
10/06/2022
|
1 Bed
|
1 Bath
|
-
|
$185,900
1 Bed
1 Bath
|
-
-
|
-
|
ERIN CRAWFORD
KELLER WILLIAMS - NJ METRO GROUP
| |
|
03/21/2020
| |
2 Bed
|
1 Bath
|
1016 ft²
|
$2,300
2 Bed
1 Bath
1016 ft²
|
$205,000
+8,813.04%
07/14/2020
|
Carolyn Bardach
| |
|
03/11/2021
|
1 Bed
|
1 Bath
|
-
|
$205,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
05/20/2020
|
1 Bed
|
1 Bath
|
445 ft²
|
$189,900
1 Bed
1 Bath
445 ft²
|
-
-
|
-
|
-
| |
|
08/29/2019
| |
1 Bed
|
1 Bath
|
-
|
$289,000
1 Bed
1 Bath
|
$300,000
+3.81%
02/18/2020
|
Carolyn Bardach
| |
|
07/23/2019
|
1 Bed
|
1 Bath
|
-
|
$230,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$185,000
1 Bed
1 Bath
|
$270,000
+45.95%
03/24/2023
|
-
|
Kimya Nilsen
Weichert Realtors, Montclair
| |
|
11/30/-0001
|
2 Bed
|
1 Bath
|
-
|
$349,000
2 Bed
1 Bath
|
$353,000
+1.15%
05/17/2022
|
-
|
TAMARA RAMIC
COMPASS NEW JERSEY LLC
| |
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$185,900
1 Bed
1 Bath
|
$211,500
+13.77%
11/18/2022
|
-
|
ERIN CRAWFORD
KELLER WILLIAMS - NJ METRO GROUP
| |
|
11/30/-0001
|
2 Bed
|
1 Bath
|
-
|
$349,000
2 Bed
1 Bath
|
$456,000
+30.66%
09/06/2024
|
-
|
AMY OWENS
KELLER WILLIAMS - NJ METRO GROUP
|
Building Info
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Keller Williams Realty - NJ Metro Group
Last Updated: 11 months ago
Data Source: NJMLS , MLS# 24016272
All information deemed reliable but not guaranteed.© 2024 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
