43
Map
38 Spruce Drive
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%.
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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.
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 |
|---|---|---|---|
| Aug 12, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Listed by O'Brien Realty, LLC | $899,999 | |
| Listed by O'Brien Realty, LLC | |||
| Mar 22, 2019 | Sold | ||
| Sold | |||
| Feb 5, 2019 | Listed by Diane Turton, Realtors-Rumson | $499,895 | |
| Listed by Diane Turton, Realtors-Rumson | |||
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Located in the desirable Community of Shrewsbury & only minutes to Red Bank, Train, Shops, Dining, Nightlife & more is where you will find this well maintained and updated Split-Level styled Home. Upgraded features over the years include; 2018-Oak flooring in the Foyer, Living Room, Dining Room & Kitchen, decorative ceiling tiles in the Kitchen & Dining Room, Half-Bath with floating vinyl floor & wainscoting. 2014-''Hot Point'' Microwave Hood. 2012-Water Heater. 2011-Screened Porch with ''Azek'' trim, carpeting & shades & Above Ground Pool. 2010-Stainless Steel Appliances including ''Samsung'' Refrigerator, ''Kenmore'' Range & ''LG'' Dishwasher. 2008-Furnace & A/C Condenser, Washer & Dryer. 2007-Granite Counters. 2005-''Hot Springs'' Hot Tub. 2004-20' long covered Front Porch with Mahogany decking & vinyl railing, 150 Amp Electrical service & 20 circuit panel box. 2004-1999-Thermopane Windows & Slider. 2000-Full Bath remodeled. 1999-Kitchen with Oak raised panel cabinets, tiled backsplash & Gas Stove in the lower level Family Room. In addition you will find newer "Timberline" Roof, remodeled private Master Bath, Composite Decking leading from the Screened Porch to the Above Ground Pool, cathedral Family Room with skylight above, Bar area and Half-Bath. You'll even find a "Husky" Generator just in case. Shrewsbury Borough School is a Blue Ribbon K-8 school within walking distance of this lovely home. It's also the only K-8 School in this entire area. Also the neighborhood is kid friendly.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017