320 Passaic Avenue
About This Property
Step outside onto the blue stone covered porches, where you can savor the serenity of lakeside living while enjoying al fresco dining or unwinding amidst the picturesque scenery and mature landscaping.
The finished walk-out basement adds another dimension of luxury to this home, offering a retreat for both relaxation and entertainment. Complete with a bedroom, full bath, custom bar with cabinetry, wine cellar, gas fireplace, custom moldings, cedar closet with wall safe, this space is perfect for hosting family get-togethers or intimate gatherings.
Don't miss this rare opportunity to own a piece of lakeside paradise, where coastal elegance meets modern luxury, all within the highly sought-after community of Spring Lake.
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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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2024 | In contract | - | |
| In contract | |||
| Jul 20, 2024 | Listed by Jack Green Realty | $6,495,000 | |
| Listed by Jack Green Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017