2428 Cedar Street
About This Property
Inside, wide-plank engineered white oak flooring, solid wood doors, custom millwork, designer lighting, built-in speakers, and refined details create a warm, elevated feel. The vaulted kitchen and living area is the heart of the home, featuring a shiplap ceiling, quartz countertops, JennAir appliances, double oven, 6 burner gas stove, abundant cabinetry, walk-in pantry, remote-controlled integrated lighting, and a large island with seating for six. A formal dining room with coffered ceiling, first-floor study with built-ins, and spacious mudroom add function and style.
The layout includes a private first-floor en-suite bedroom with sliders to the backyard and a beautifully appointed bath with radiant-heated floors, ideal for guests or multi-generational living. Upstairs, the primary suite features tray ceilings, a large walk-in closet, and a spa-like bath with soaking tub, dual vanities, private water closet, and marble radiant-heated floors. Three additional bedrooms, a large laundry room with utility sink, and a second-floor living area complete this level.
The finished lower level is a standout with a home gym, wet bar, movie room with uplighting, storage, and access to the oversized two-car garage with high ceilings and room for a lift, boat, or trailer. A third-floor bonus room adds even more flexible space for work, recreation, or additional living.
Set on a large, beautifully landscaped property with a covered front porch, composite decking, patio pavers, underground sprinklers, private well, generator, custom built shed, and approved pool plans, this home offers exceptional indoor-outdoor living in one of Manasquan Park's most desirable lifestyle locations.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Listed by Paradise Real Estate Group | $2,269,900 | |
| Listed by Paradise Real Estate Group | |||
| May 13, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2022 | Listed by Coldwell Banker Realty | $299,900 | |
| Listed by Coldwell Banker Realty | |||
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Attention Investors and Builders! A great residential opportunity in Manasquan Park. Backs to a wooded area. Value in the land. Structure on the property is distressed. House is a 3 bedroom 2 bathroom Cape Cod. Ready for your buyers to design and build their brand new dream home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017