23 Carol Lane
About This Property
Designed with entertaining in mind, the open-concept dining and living areas flow seamlessly together. The main bath includes a jetted Jacuzzi tub, stone flooring, and custom tile work. The primary bedroom showcases bamboo flooring and a recently renovated bath with stone-tiled shower and floor, wainscoting accents, and Kohler fixtures. A versatile bonus room off the kitchen offers the perfect space for a home office or playroom. Sliding doors lead to a fully fenced backyard with a bluestone patio, new Cambridge concrete retaining wall, French drains (2024), and a brand-new shed (2025)ideal for gatherings, storage, and outdoor living. Garage for additional storage, half was converted to the bonus room.
Major updates include: roof with GAF Timberline shingles (2018, 50-year warranty), water heater (2018), furnace and central AC (2019).
Close to major highways, shopping, and transportation, this thoughtfully updated home combines modern finishes with timeless comfort ready for its next owner to enjoy.
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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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Sep 8, 2025 | Listed by Keller Williams Realty East Monmouth | $650,000 | |
| Listed by Keller Williams Realty East Monmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017