237 Essex Drive
About This Property
The dining room is conveniently located off the eat-in kitchen, which includes a full stainless-steel appliance package. A laundry room and a full updated bath complete the first floor. Head upstairs to find four generously sized bedrooms and an updated full bath. The exterior features a large fenced-in yard with an above-ground pool, two decks, and a sizable storage shed-all situated on a spacious corner lot.
This home is close to restaurants, major highways, shopping, malls, and the Jersey Shore beaches. A must-see!
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Dec 11, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by Real Broker, LLC | $599,900 | |
| Listed by Real Broker, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017