312 Passaic Avenue
About This Property
Now to the second level where you will find 4 nicely sized bedrooms with baths of yesteryear. Master with sitting area, cedar walk in and balcony access overlooking the lake. 4 th bedroom/Office has access to roof top deck.
One last staircase to the third level where you will find two nook and cranny bedrooms.
The yard hosts mature trees, ivy, lush landscape, slate patio and 2 car garage with workroom and plenty of storage above. Hot and Cold outdoor shower, and plenty of off street parking.
Perfect home for the buyer looking to preserve the beauty of the past.
Spring Lake is the "jewel of the shore" hosting the longest non commercial boardwalk with two miles of pristine beaches and a naturally spring-fed lake. Train station is just 2 blocks away. Come and enjoy all that this home and Spring Lake has to offer. A beautiful place to make lifetime memories.
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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%.
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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.
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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 25, 2016 | Sold | ||
| Sold | |||
| Apr 25, 2016 | Listed by Ward Wight Sotheby's International Realty | $2,295,000 | |
| Listed by Ward Wight Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017