29
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59 Franklin Lane
About This Property
Enjoy a bright and inviting sunroom overlooking the tree lined backyard, a one-car garage, and numerous recent updates that make this home move-in ready. Features include a brand-new stove, newer washer, central air replaced in 2025, brand-new carpeting, fresh paint throughout, and brand-new thermostats.
Conveniently located close to shopping, dining, medical facilities, and the Jersey Shore, this home offers comfortable, low-maintenance living in a welcoming active adult community. Don't miss this wonderful opportunity to make it your ow
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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 2, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Relisted | $185,000 | |
| Relisted | |||
| Aug 10, 2026 | In contract | - | |
| In contract | |||
| Jul 19, 2026 | Listed by C21/ Action Plus Realty | $185,000 | |
| Listed by C21/ Action Plus Realty | |||
| Dec 22, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017