508 JENNINGS STREET
About This Property
The luxurious primary suite is designed as a private retreat, featuring its own lounge, dedicated office, and private balcony. An oversized walk-in closet includes additional sitting quarters with space that can also serve as a nursery. The spa-inspired primary bathroom is a true showpiece, highlighted by a dramatic 9-foot walk-in shower for two with multiple full-body spray jets, a rain shower, and built-in lighting. A two-person Jacuzzi tub and modern smart toilet with bidet and heated seat complete the suite.
Throughout the home, you'll find updated flooring and two wood-burning fireplaces, creating a combination of modern comfort and classic warmth.
The third floor offers three bedrooms, a full bathroom, and a convenient kitchenette-providing excellent flexibility for guests, extended family, or additional private living space. The second floor features an updated full bathroom with a shower, body spray jets, and smart toilet, while the first-floor full bathroom has also been updated with a shower and spray jets.
The finished basement expands the home's living and entertaining possibilities with a spacious lounge area, bar, office, gym, bedroom, and full bathroom.
Enjoy year-round relaxation in the four-season room, featuring three sliding glass doors overlooking the beautifully maintained backyard, privacy fencing, and rear porch.
The exterior has been enhanced with new siding accented by natural stone, new windows, and a durable metal roof. The backyard is designed for entertaining and recreation, featuring an in-ground swimming pool with diving board and slide, a three-tier side deck with updated composite decking, and a six-person hot tub. An outdoor summer kitchen with pergola, lighting, and plumbing creates the perfect setting for warm-weather gatherings and outdoor dining. The property also includes a separate-entry guesthouse/in-law suite, offering additional privacy and versatility.Two outdoor sheds provide plenty of additional storage. With generous interior space, multiple entertainment areas, extensive updates, flexible guest accommodations, and a backyard built for resort-style living, 508 Jennings St offers a rare combination of comfort, functionality, and impressive amenities-all in one remarkable 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 |
|---|---|---|---|
| Jul 3, 2026 | Listed by NJ Elite Group LLC | $680,000 | |
| Listed by NJ Elite Group LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017