32 Highland Avenue
About This Property
Step outside to enjoy a private deck and above-ground pool, perfect for relaxing or entertaining while taking in the beautiful mountain views. The home is ideally located and a mile down the street to New Jersey transit to Midtown Manhattan and a 20 minute drive to a train that will take you into Newark, NJ train station then the path train over to the World Trade Center.
Conveniently close to schools, parks, places of worship and local shops, and just minutes from the charming Village of Warwick, this home combines peaceful surroundings with everyday convenience. Also, close to Mount Peter Ski area, Sterling Forest Renaissance Festival and minutes to Mountain Creek Resort in Vernon, New Jersey. A rare opportunity in a highly desirable area-don't miss it!
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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 29, 2026 | Sold | ||
| Sold | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Listed by Coldwell Banker Realty | $499,999 | |
| Listed by Coldwell Banker Realty | |||
| Feb 28, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 27, 2026 | Price Decreased |
$514,900
↓ $5K
(1%) | |
| Price Decreased | |||
Property Highlights
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About Warwick
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$3,500 /mo
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$1,950 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017