465 CHERRY LN
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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 |
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| Oct 11, 2025 | Listed | $4,500,000 | |
| Listed | |||
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Welcome to Cherry Lane, Mendham's most prestigious address, where this brand-new custom estate crowns 5.94 private acres with breathtaking, unobstructed views. Blending Colorado's rustic grandeur with NYC's sleek modern style, this dream home offers roughly 7,500 square feet of finished living space with 6 bedrooms and 5.1 bathrooms. Soaring ceilings, expansive windows, and an airy, open flow create the ultimate setting for both everyday living and grand entertaining. The dramatic great room stuns with 24-foot beamed ceilings and a striking fireplace, while the main level impresses with 12-foot ceilings, custom millwork, and seamless transitions throughout. A chef's kitchen showcases real-wood cabinetry with soft-close details, quartz countertops, Wolf appliances, and two oversized islands anchoring the dining and living areas. Hardwood oak floors span the first and second levels, accented by mosaic tile in the foyer and lower level. The primary suite is a private sanctuary with dual walk-in closets, dual vanities, a spa-like jet shower, and a soaking tub framed by natural light. Additional highlights include a private in-law suite with built-ins, radiant heated floors, a finished lower level with 10-foot ceilings and glass enclosed wine room. With three-zone HVAC and finishes curated from luxury suppliers, this one-of-a-kind true statement masterpiece delivers bold design, panoramic views, and the ultimate modern lifestyle in Mendham's most prestigious setting.
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| Feb 14, 2023 | Sold | ||
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| Apr 1, 2019 | No longer available | - | |
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| Mar 19, 2019 | Listed | $599,000 | |
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Wonderful 4 BR Colonial nestled on 5 acres, updated kitchen, hardwood floors, renovate, add on or build new. SHORT SALE! Property is sold AS IS...this is a great opportunity for buyer that wants a wonderful 5 acre plus lot overlooking an incredible property. The home is situated at the top of the property. The present home can either be simply cleaned up and moved into, added to or Demo present home and build a monster home in its place.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017