
1
Map
605 Grove Street #J008
About This Property
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Cap Rate Calculator
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 |
---|---|---|---|
Jul 1, 2024 | Sold | ||
Sold | |||
May 31, 2024 | In contract | - | |
In contract | |||
May 16, 2024 | Listed by West of Hudson Real Estate | $195,000 | |
Listed by West of Hudson Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/05/2024
|
Studio
|
1 Bath
|
-
|
$199,000
Studio
1 Bath
|
$199,000
12/05/2024
|
-
|
Laura Gill
Keller Williams Village Square Realty
| |
11/13/2024
|
1 Bed
|
1 Bath
|
-
|
$309,999
1 Bed
1 Bath
|
$309,999
11/13/2024
|
-
|
MARIAH VILLAZONE MARAVI
REALTY EMPIRE, LLC
| |
10/18/2024
|
1 Bed
|
1 Bath
|
-
|
$315,000
1 Bed
1 Bath
|
$299,000
-5.08%
10/18/2024
|
-
|
Pierce Conway
Compass New Jersey, LLC
| |
10/15/2024
|
1 Bed
|
1 Bath
|
-
|
$317,000
1 Bed
1 Bath
|
$317,000
12/12/2024
|
-
|
Ava Kascel
Christie's International Real Estate Group-Summit
| |
08/04/2024
|
1 Bed
|
1 Bath
|
-
|
$288,400
1 Bed
1 Bath
|
$275,000
-4.65%
09/20/2024
|
-
|
Kathleen Milinkovich
Coldwell Banker, Caldwell
| |
07/17/2024
|
1 Bed
|
1 Bath
|
-
|
$309,000
1 Bed
1 Bath
|
$310,000
+0.32%
09/20/2024
|
-
|
MARILYN BECKER
GILSENAN & CO.
| |
07/17/2024
|
1 Bed
|
1 Bath
|
-
|
$299,900
1 Bed
1 Bath
|
$304,500
+1.53%
09/25/2024
|
-
|
QIZHAN JACK YAO
REALMART REALTY LLC
| |
07/15/2024
|
Studio
|
1 Bath
|
-
|
$199,999
Studio
1 Bath
|
$184,500
-7.75%
10/10/2024
|
-
|
William J. Victolee
Oxford Property Group LLC
| |
06/24/2024
|
1 Bed
|
1 Bath
|
-
|
$299,900
1 Bed
1 Bath
|
$295,000
-1.63%
09/27/2024
|
-
|
Barbara Day
Realty One Group Legend, Clifton
| |
05/17/2024
|
Studio
|
1 Bath
|
-
|
$199,000
Studio
1 Bath
|
$197,500
-0.75%
08/05/2024
|
-
|
JASON PIERCE
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
| |
05/16/2024
|
Studio
|
1 Bath
|
-
|
$195,000
Studio
1 Bath
|
$190,000
-2.56%
07/01/2024
|
-
|
SUSAN HOROWITZ
WEST OF HUDSON REAL ESTATE
| |
05/10/2024
|
Studio
|
1 Bath
|
-
|
$185,000
Studio
1 Bath
|
$180,000
-2.70%
12/23/2024
|
-
|
Roumil Durante
eXp REALTY
| |
04/24/2024
|
1 Bed
|
1 Bath
|
-
|
$259,900
1 Bed
1 Bath
|
$270,000
+3.89%
07/17/2024
|
-
|
Sheldon Neal
RE/MAX Real Estate Limited
| |
03/25/2024
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
$317,000
+6.02%
03/25/2024
|
-
|
Colene Smith
Weichert Realtors Maplewood
| |
03/25/2024
|
Studio
|
1 Bath
|
-
|
$189,000
Studio
1 Bath
|
$189,000
05/30/2024
|
-
|
Bahador Motalebi Moghaddam
Keller Williams City Views Realty
| |
03/12/2024
|
1 Bed
|
1 Bath
|
-
|
$289,000
1 Bed
1 Bath
|
$289,000
05/03/2024
|
-
|
Suzanne Hemeda
United Real Estate
| |
03/01/2024
|
1 Bed
|
1 Bath
|
-
|
$265,000
1 Bed
1 Bath
|
$277,000
+4.53%
03/01/2024
|
-
|
MICHELLE CHRISTENSON
BHHS VAN DER WENDE PROPERTIES
| |
02/29/2024
|
1 Bed
|
1 Bath
|
-
|
$289,900
1 Bed
1 Bath
|
$310,000
+6.93%
02/29/2024
|
-
|
Kathleen Diez
Realty One Group Legend
| |
02/29/2024
|
1 Bed
|
1 Bath
|
-
|
$298,000
1 Bed
1 Bath
|
$298,000
02/29/2024
|
-
|
Kristine Zeniak
Keller Williams - Tenafly
| |
01/31/2024
|
1 Bed
|
1 Bath
|
-
|
$279,900
1 Bed
1 Bath
|
$311,000
+11.11%
01/31/2024
|
-
|
Christine Romanelli
Compass New Jersey, LLC-Montclair
| |
01/02/2024
|
Studio
|
1 Bath
|
-
|
$164,900
Studio
1 Bath
|
$167,000
+1.27%
01/02/2024
|
-
|
ILENE HARPUDER
ERA JUSTIN REALTY
| |
10/23/2023
|
1 Bed
|
1 Bath
|
-
|
$279,999
1 Bed
1 Bath
|
$289,999
+3.57%
10/30/2023
|
-
|
Shaun La Gala
RE/MAX Neighborhood Properties
| |
06/15/2023
|
Studio
|
1 Bath
|
-
|
$200,000
Studio
1 Bath
|
$185,000
-7.50%
09/28/2023
|
-
|
Raymond Raj Thomas
Exp Realty
| |
04/12/2023
|
1 Bed
|
1 Bath
|
-
|
$275,000
1 Bed
1 Bath
|
$275,000
06/08/2023
|
-
|
-
| |
08/23/2022
| |
Studio
|
1 Bath
|
-
|
$160,000
Studio
1 Bath
|
-
-
|
-
|
DOMINIQUE PRESTON
RE/MAX FIRST REALTY II
|
05/12/2022
|
Studio
|
1 Bath
|
-
|
$149,000
Studio
1 Bath
|
-
-
|
-
|
Leslie Kunkin
West of Hudson Real Estate
| |
02/08/2022
|
1 Bed
|
1 Bath
|
798 ft²
|
$250,000
1 Bed
1 Bath
798 ft²
|
-
-
|
-
|
ALIMAH TORRES
EXP REALTY, LLC
| |
11/08/2021
|
2 Bed
|
1 Bath
|
-
|
$249,900
2 Bed
1 Bath
|
$260,000
+4.04%
01/07/2022
|
JACK CHEUNG
ELITE REALTORS OF NEW JERSEY
| ||
05/19/2021
|
1 Bed
|
1 Bath
|
-
|
$239,900
1 Bed
1 Bath
|
-
-
|
-
|
Kathleen Diez
Realty One Group Legend
| |
09/11/2021
|
1 Bed
|
1 Bath
|
-
|
$238,000
1 Bed
1 Bath
|
-
-
|
-
|
Alen Esendir
Keller Williams - Ridgewood
| |
08/27/2021
|
Studio
|
1 Bath
|
-
|
$145,000
Studio
1 Bath
|
-
-
|
-
|
Frances Rosado
Keller Williams - Wayne
| |
06/10/2021
|
Studio
|
1 Bath
|
399 ft²
|
$154,999
Studio
1 Bath
399 ft²
|
-
-
|
-
|
KATHRYN FEDAK
EXP REALTY, LLC
| |
04/08/2021
|
1 Bed
|
1 Bath
|
798 ft²
|
$237,500
1 Bed
1 Bath
798 ft²
|
-
-
|
-
|
-
| |
03/19/2021
|
1 Bed
|
1 Bath
|
1050 ft²
|
$244,900
1 Bed
1 Bath
1050 ft²
|
-
-
|
-
|
-
| |
03/04/2020
|
1 Bed
|
1 Bath
|
-
|
$245,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
07/16/2020
|
1 Bed
|
1 Bath
|
798 ft²
|
$239,900
1 Bed
1 Bath
798 ft²
|
-
-
|
-
|
-
| |
07/02/2020
|
Loft
|
1 Bath
|
1050 ft²
|
$254,900
Loft
1 Bath
1050 ft²
|
-
-
|
-
|
-
| |
03/05/2020
|
1 Bed
|
1 Bath
|
1050 ft²
|
$219,000
1 Bed
1 Bath
1050 ft²
|
-
-
|
-
|
-
| |
06/21/2019
|
1 Bed
|
1 Bath
|
-
|
$210,000
1 Bed
1 Bath
|
-
-
|
-
|
RONALD AIOSA
KELLER WILLIAMS PROSPERITY RLT
| |
06/12/2019
|
Studio
|
1 Bath
|
-
|
$125,000
Studio
1 Bath
|
-
-
|
-
|
-
| |
06/11/2019
| |
1 Bed
|
1 Bath
|
798 ft²
|
$210,000
1 Bed
1 Bath
798 ft²
|
-
-
|
-
|
-
|
06/07/2019
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
05/27/2019
|
Studio
|
1 Bath
|
-
|
$134,900
Studio
1 Bath
|
-
-
|
-
|
-
| |
02/19/2019
|
1 Bed
|
1 Bath
|
-
|
$204,999
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
11/14/2018
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
-
-
|
-
|
FRANK CAPOANO
EXP REALTY, LLC
| |
09/15/2018
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
06/11/2018
| |
1 Bed
|
1 Bath
|
768 ft²
|
-
1 Bed
1 Bath
768 ft²
|
-
-
|
-
|
-
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$224,900
1 Bed
1 Bath
|
$224,900
02/14/2025
|
-
|
Kathleen Milinkovich
Coldwell Banker, Caldwell
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$289,900
1 Bed
1 Bath
|
$310,000
+6.93%
02/29/2024
|
-
|
Kathleen Diez
Realty One Group Legend
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$279,900
1 Bed
1 Bath
|
$311,000
+11.11%
01/31/2024
|
-
|
Christine Romanelli
Compass New Jersey, LLC-Montclair
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$265,000
1 Bed
1 Bath
|
$270,000
+1.89%
03/07/2023
|
-
|
JEFFREY LATTIMER JR.
LATTIMER REALTY
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$298,000
1 Bed
1 Bath
|
$298,000
02/29/2024
|
-
|
Kristine Zeniak
Keller Williams - Tenafly
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$265,000
1 Bed
1 Bath
|
$277,000
+4.53%
03/01/2024
|
-
|
MICHELLE CHRISTENSON
BHHS VAN DER WENDE PROPERTIES
| |
11/30/-0001
|
Studio
|
1 Bath
|
-
|
$200,000
Studio
1 Bath
|
$197,500
-1.25%
05/15/2024
|
-
|
CHRISTOPH A. SCHLUENDER
CHRISTOPH SCHLUENDER REALTY
| |
11/30/-0001
|
Studio
|
1 Bath
|
-
|
$195,000
Studio
1 Bath
|
$190,000
-2.56%
07/01/2024
|
-
|
SUSAN HOROWITZ
WEST OF HUDSON REAL ESTATE
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$265,000
1 Bed
1 Bath
|
$275,000
+3.77%
06/08/2023
|
-
|
Nicola G. Esposito Jr
Gilsenan & Co.
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$259,900
1 Bed
1 Bath
|
$270,000
+3.89%
07/18/2024
|
-
|
Sheldon Neal
RE/MAX Real Estate Limited
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$288,400
1 Bed
1 Bath
|
$275,000
-4.65%
09/20/2024
|
-
|
Kathleen Milinkovich
Coldwell Banker, Caldwell
| |
11/30/-0001
|
Studio
|
1 Bath
|
-
|
$179,000
Studio
1 Bath
|
$155,000
-13.41%
03/07/2022
|
-
|
Kevin Trotter
Keller Williams City Views Realty 3 Group
| |
11/30/-0001
| |
Studio
|
1 Bath
|
-
|
$199,000
Studio
1 Bath
|
$205,000
+3.02%
01/30/2025
|
-
|
Laura Gill
Keller Williams Village Square Realty
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$169,900
1 Bed
1 Bath
|
$169,100
-0.47%
02/28/2023
|
-
|
LESIA WIRSTIUK
WEICHERT REALTORS
| |
11/30/-0001
| |
1 Bed
|
1 Bath
|
-
|
$264,900
1 Bed
1 Bath
|
$255,000
-3.74%
01/31/2023
|
-
|
Israel Rodriguez
Century 21 All County
|
11/30/-0001
| |
1 Bed
|
1 Bath
|
-
|
$249,900
1 Bed
1 Bath
|
$255,000
+2.04%
01/21/2022
|
-
|
JUAN CARLOS FERNANDEZ
HEARTH REALTY GROUP
|
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$165,000
1 Bed
1 Bath
|
$151,500
-8.18%
12/30/2022
|
-
|
Karen Casiello
Howard Hanna Rand Realty
| |
11/30/-0001
|
2 Bed
|
1 Bath
|
-
|
$249,900
2 Bed
1 Bath
|
$260,000
+4.04%
12/28/2021
|
-
|
JACK CHEUNG
ELITE REALTORS OF NEW JERSEY
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$299,900
1 Bed
1 Bath
|
$304,500
+1.53%
09/25/2024
|
-
|
JACK QIZHAN YAO
REALMART REALTY
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$309,999
1 Bed
1 Bath
|
$315,000
+1.61%
12/30/2024
|
-
|
MARIAH VILLAZONE MARAVI
REALTY EMPIRE, LLC
| |
11/30/-0001
|
1 Bed
|
1 Bath
|
-
|
$240,000
1 Bed
1 Bath
|
$261,000
+8.75%
07/13/2022
|
-
|
JULIAN NAZARIO
COLDWELL BANKER REALTY
|
Building Info
