245 Madison
About This Property
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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 28, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | Listed by RNL Realty, LLC | $949,000 | |
| Listed by RNL Realty, LLC | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | No longer available | - | |
| No longer available | |||
| Jul 16, 2025 | Listed | $949,000 | |
| Listed | |||
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Welcome to 245 Madison, an impeccably maintained home in the highly sought-after town of River Edge. Proudly owned by a longtime residential construction expert who always prioritized top-notch care and personally oversaw the remodeling of the home to ensure high build quality. This property sits on a serene, coveted block with an unbeatable location — just moments from top-rated schools, lush parks, vibrant shopping, dining, and convenient transportation. Step inside to discover spacious living areas with a bright, versatile layout ideal for daily comfort and effortless entertaining. The well-appointed kitchen shines with abundant cabinetry, a generous island, and modern LG appliances. All four bathrooms have been stylishly updated with contemporary finishes for a fresh, luxurious feel. The fully finished basement adds incredible value, complete with a spacious full bath, additional bedroom, dedicated laundry room, and ample space for gatherings or relaxation. Enjoy modern conveniences like central vacuum, central air conditioning, and multi-zone heating throughout. Outdoors, a backyard that's a must see! Unwind on the expansive patio featuring a built-in BBQ and cooking station, leading to a backyard that's truly extraordinary—vast, private, and perfect for hosting events or simply enjoying peaceful downtime. In one of Bergen County's premier towns, 245 Madison delivers timeless appeal!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017