48 Edgemont
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 |
|---|---|---|---|
| Sep 11, 2026 | Listed by Compass New Jersey, LLC-Montclair | $3,499,000 | |
| Listed by Compass New Jersey, LLC-Montclair | |||
| Jun 12, 2026 | Listed by COMPASS NEW JERSEY LLC | $3,499,000 | |
| Listed by COMPASS NEW JERSEY LLC | |||
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Set across from Edgemont Park, this beautifully updated Colonial home blends the timeless elegance of early 1900s architecture with modern amenities designed for today's lifestyle. This freshly painted (interior and exterior) home offers 6 bedrooms and 4.5 baths. It provides exceptional space for both everyday living and entertaining. The thoughtfully designed floor plan features formal Living and Dining Rooms, a warm Family Room, library, screened porch, finished lower level, mudroom, and convenient second-floor laundry. At the heart of the home, the gourmet Kitchen is outfitted w/premium appliances, including a commercial-sized refrigerator/freezer, double ovens, oversized wine cooler, Miele coffee station, dramatic waterfall island + oversized undermount sink. A Butler's Pantry adds both functionality and style. The screened porch opens to a professional outdoor grilling area, while the expansive Bluestone patio overlooks a fully fenced fantastic backyard complete w/playground + treehouse. Ideally located just moments from Watchung Plaza's shops and restaurants, w/ train service to NYC via Penn Station and Hoboken, this exceptional property offers the perfect balance of historic character, modern luxury, and unbeatable location. Edgemont Park features a historic pond, perfect for fishing or turtle and duck watching and a large playground. This is the perfect space for relaxing or if the pond is frozen you can ice skate! Don't miss this rare opportunity to make it yours.
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| Aug 2, 2025 | No longer available | - | |
| No longer available | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017