59 Beech Street
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 |
|---|---|---|---|
| Aug 28, 2023 | Sold | ||
| Sold | |||
| Jun 27, 2023 | In contract | - | |
| In contract | |||
| Jun 2, 2023 | Listed by United Real Estate | $875,000 | |
| Listed by United Real Estate | |||
| Jun 27, 2022 | No longer available | - | |
| No longer available | |||
| Apr 25, 2022 | Listed by KELLER WILLIAMS SUBURBAN REALTY | $875,000 | |
| Listed by KELLER WILLIAMS SUBURBAN REALTY | |||
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Located on one of Nutley's premier blocks with an oversized lot, allowing for tremendous opportunity to accommodate a large home and plenty of outdoor activities, while still retaining an open feel with space to do more. A two-story foyer welcomes and provides the introduction to the easy flowing first floor with an elegant formal dining room, living room/den, open kitchen with granite counters and SS appliances overlooking the casual dining area and adjacent to the expansive family room with gas fireplace and sliding glass door to the rear deck. A powder room and laundry room round out the main level. The second floor consists of a main hall bath and four generously sized bedrooms including the master suite with gas fireplace, walk-in closet and master bath. The basement level offers another full bathroom, kitchenette, home office, exercise room, storage, and direct access to the oversized garage that can accommodate up to three vehicles. Venturing out onto the rear deck you'll find a backyard primed for entertaining during the summer months and beyond. A heated saltwater pool with a tanning ledge (2020) is the focal point of this oasis, while the yard also offers a playset, jungle gym, dog run and plenty of open area. Opportunity is knocking...don't miss this one! The manager has listed the unit size as 3336 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017