51 Chestnut Dr
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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 15, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | No longer available | - | |
| No longer available | |||
| May 1, 2026 | Listed by Keller Williams Prosperity Realty | $799,000 | |
| Listed by Keller Williams Prosperity Realty | |||
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Call Reiley for info & showings 201-951-4877! Exceptional Packanack Lake ranch offering the perfect blend of space, versatility, and resort-style living! This 4 bedroom, 3 full bathroom home features a deeded walk-out in-law suite, ideal for extended living or guests. The main level showcases hardwood and tile floors, spacious living room with wood-burning fireplace, and a seamless flow into the dining area with sliders leading to an expansive Trex deck. Step outside to your private backyard retreat complete with heated in-ground concrete pool with spa, surrounded by a paver patio. The vaulted kitchen is filled with natural light from skylights and features a center island with breakfast bar. Three bedrooms and two full baths are located on this level, including a primary suite with radiant heat bathroom floors, walk-in closet, and direct deck access. Off the garage, enjoy a convenient laundry room and versatile sunroom/den perfect for a home office or mudroom. The full finished walk-out lower level offers a complete secondary living space with an open living/dining area, kitchen, bedroom, full bath, laundry room, and additional storage. Additional highlights include a whole-house generator, 200 amp electrical, sump pump and very reasonable taxes for all this home offers! Enjoy all the benefits of Packanack Lake living: highly walkable 2.5 miles around, 2 beaches, ball fields, tennis, pickleball, 9-hole golf course, 2 clubhouses (year-round events and rentable), sports&clubs!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017