2 Bailey Road
About This Property
Step inside to soaring 9-ft ceilings on the first level, creating an open and airy feel. The gourmet kitchen is a chef's dream, featuring a sleek induction cooktop, high-end Samsung Bespoke appliances, and a massive 10-ft quartz island with waterfall edges. 48''x48'' Porcelain tile flooring & Radiant heat adds durability and elegance.
Relax in Spa-like Bathrooms, all with luxurious slabs of marble / porcelain, a soaking tub, & modern vanities.
Outdoor oasis includes an IG POOL plus a beautiful paver patio.
Recent upgrades: NEW Furnace & HWH.
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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 9, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Listed by Keller Williams Realty Central Monmouth | $939,000 | |
| Listed by Keller Williams Realty Central Monmouth | |||
| Feb 27, 2019 | Sold | ||
| Sold | |||
| Dec 10, 2018 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | $545,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | |||
| | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017