256 N Pascack Road
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 |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Feb 28, 2025 | Listed by Team W Realty LLC | $1,099,000 | |
| Listed by Team W Realty LLC | |||
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Introducing an exceptional investment opportunity at 256 N Pascack Road! This remarkable property stands out as a cash cow, currently generating an impressive $8,000 in monthly rental income. With nearly 4,000 sq ft of space, it provides ample room for tenants while offering a solid foundation for future enhancements. One of the major advantages of this property is its low tax burden, which boosts the overall profitability and yield for investors. The location is not only desirable for renters, but it also presents exciting prospects for future development. The property can be approved for the construction of a semi-attached house, or even the possibility of subdividing the land, opening up various avenues for expansion and growth.
Whether you are looking to capitalize on rental income or explore development options, this property offers significant potential. Seize the opportunity to invest in a property that promises excellent returns and future possibilities. Don’t miss the chance to add this gem to your portfolio!
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| Jul 15, 2022 | Sold | ||
| Sold | |||
| Mar 29, 2022 | In contract | - | |
| In contract | |||
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About Hillcrest
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017