48 Cedar 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%.
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Apr 24, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by EXP Realty | $5,999,999 | |
| Listed by EXP Realty | |||
| Jun 16, 2022 | Sold | ||
| Sold | |||
| Apr 7, 2022 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Holmdel | $1,499,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Holmdel | |||
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This custom designed 6,000+ sq. ft. home is a stylish and sleek sanctuary lending itself to formal entertaining as well as comfortable living. The exterior solid stone surround is impressive and maintenance free. The interior welcomes you with airy and bright living spaces, vast windows, spacious rooms and natural light throughout. This 2x6 construction includes 10ft ceilings on main level, , 14-course basement, premium fixtures, solid wood doors and wide mouldings. Main level includes formal living and dining rooms, family room, 2 fireplaces, 3 wet bars, two guest suites, sun room, office, laundry and newer kitchen with abundance of cabinets, oversized island and newer appliance package. Second level includes 3 guest bedrooms, 2 baths plus expansive master with full ensuite. Completing the 2.23 acre property is a circular driveway, double entry doors, 3-car garage plus large 3-tiered stone terrace with stone railings. An outstanding opportunity, this property is warm and welcoming, ideal for family living and gathering with friends.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017