298 Broad Street
About This Property
Virtually every major component of the home has been replaced, including a new roof, siding, garage door, front door, interior doors, subfloors, flooring, moldings, insulation, sheetrock, electrical wiring, electrical panels, outlets, meters, gas lines, water lines, baseboard heating system, and tankless hot water heater. Andersen windows enhance both energy efficiency and natural light. The beautifully redesigned interior features wide-plank flooring, a stunning new kitchen with quartz countertops, stainless steel appliances, and custom cabinetry, as well as a stylishly renovated bathroom with designer finishes. The open and inviting layout provides comfortable everyday living while maintaining the charm of a classic ranch design.
Outside, the large backyard offers ample space for entertaining, gardening, recreation, or future outdoor enhancements. Conveniently located near shopping, restaurants, parks, and everyday amenities, this home is also ideal for commuters, with the Matawan-Aberdeen train station just minutes away, providing direct access to New York City. Easy access to the Garden State Parkway, Routes 34 and 35, and nearby Jersey Shore destinations further enhances the appeal of this exceptional property.
A rare opportunity to own a truly turnkey home where the major work has already been done--simply unpack and 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 |
|---|---|---|---|
| Jul 9, 2026 | Price Decreased |
$600,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$620,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Jun 14, 2026 | Listed by Coldwell Banker Realty | $635,000 | |
| Listed by Coldwell Banker Realty | |||
| May 15, 2026 | Price Decreased |
$639,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Apr 20, 2026 | Price Decreased |
$649,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017