42 Cherry Tree Farm Road
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%.
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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Sep 14, 2025 | Listed by Keller Williams Realty Central Monmouth | $754,999 | |
| Listed by Keller Williams Realty Central Monmouth | |||
| Aug 13, 2025 | Price Decreased |
$759,990
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jun 12, 2025 | Listed | $769,990 | |
| Listed | |||
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Newly renovated 4 bedroom, 3 bathroom split level home. Kitchen with quartz countertops, marble decorative backsplash, new stainless steel appliances, range hood, built in microwave unit, and upgraded pull out drawers. Large island, great for entertaining and additional seating. Enormous living room and formal dining room with open layout. Master bedroom with ensuite bath feat. double vanity, mosaic tiles, 48'' standing shower. 2 other bedrooms on upper level, 1 bedroom on lower level, as well as den and full bathroom. Three season room with patio doors that open towards inground pool. New floorings throughout, new interior doors, 2 zone HVAC. Finished basement with office and larger great room with separate exit. Great location near Rt 35, Rt 36, GSP, shopping, & restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017