166 Conover Lane
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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 |
|---|---|---|---|
| Nov 21, 2022 | Sold | ||
| Sold | |||
| Sep 12, 2022 | Listed by C21 Thomson & Co. | $1,800,000 | |
| Listed by C21 Thomson & Co. | |||
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Breathtaking Navesink River Views overlooking Downtown Red Bank! This home underwent a massive renovation in 2016. Nestled at the end of the street amongst some of the most ultra private properties on Conover Lane. Almost 3/4 of an acre of manicured grounds w/ a new dock, fully fenced, & a covered patio for all your entertaining dreams! Inside you will find an open concept living, dining, & kitchen w/ unobstructed views of The Navesink. The master bedroom (13x22) has vaulted ceilings w/ a balcony that you can watch the sunrise in the morning & take in the Red Bank skyline at night. Master bath has both shower & soaking tub overlooking the river. New floating dock was just installed. Unfinished basement & oversized 2 car garage, storage galore! This home is a must see for any waterfront enthusiast
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| Jan 15, 2015 | Sold | ||
| Sold | |||
| Apr 14, 2014 | Listed by Arbor Sales And Marketing LLC | $1,050,000 | |
| Listed by Arbor Sales And Marketing LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017