2 Skyline Dr
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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 31, 2025 | No longer available | - | |
| No longer available | |||
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Listed by WEICHERT REALTORS | $769,900 | |
| Listed by WEICHERT REALTORS | |||
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Best value in Morris Township! Located in the desirable Rolling Hill at Skyline neighborhood, this stately four-bedroom, two-and-a-half-bath Colonial offers a versatile layout and an unbeatable location, just over a mile to the Morristown Green. Whether you're entertaining or unwinding, the home's flow is effortless. The living and dining rooms are open to one another and connect to a cozy sunroom through French doors, creating a warm and welcoming space for morning coffee or to watch the wildlife. At the front of the home, the family room features a wood-burning fireplace. It sits adjacent to a spacious eat-in kitchen with ample cabinetry and counter space perfect for weeknight dinners or weekend gatherings. Upstairs, the primary suite features a walk-in closet, a spacious full bath with a stall shower, and a separate sitting room that is ideal for a home office or dressing area. Three additional bedrooms are comfortably sized, with good storage, and share a second full bathroom. Hardwood floors run throughout much of the home. Step outside to enjoy a stained wood deck that overlooks private, wooded grounds. A pea-stone patio offers the perfect spot for a fire pit, outdoor dining, or a container garden. A deep gravel driveway accommodates six or more cars, in addition to the attached two-car garage. This hidden gem offers a rare blend of privacy and neighborhood charm, with just a quick jaunt to downtown dining, nightlife, parks, theater, and the NYC Direct train.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017