63 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 |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 22, 2026 | No longer available | - | |
| No longer available | |||
| Mar 11, 2026 | Listed by Keller Williams Prosperity Realty | $499,999 | |
| Listed by Keller Williams Prosperity Realty | |||
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Call Reiley Phelan for all info and showings 201-951-4877! OFFERS DUE 3/19 BY NOON! Welcome to 63 Chestnut Drive in highly desirable Packanack Lake! This charming Colonial is the perfect blank canvas for someone looking to customize their next home and make it their own. With great bones and a functional layout, it presents an excellent opportunity to update and create a space that truly fits your style. This home offers 2 bedrooms, 1 full bathroom and 1 half bathroom, featuring beautiful hardwood floors throughout and central air for year-round comfort. The home also includes a partially finished basement, providing flexible space for a recreation room, office, or gym. An enclosed porch offers the perfect spot to relax, while the flat backyard provides great outdoor space for entertaining, gardening, or play. Ideally located within walking distance to George Washington Middle School, Packanack Lake’s West Side Beach, Carney Children’s Park, the Packanack Lake Clubhouse, Lake Drive Tavern, and Sweet Kitchen. The area is also a commuter’s dream with easy access to NYC and nearby transportation options. With an affordable price point, this home is truly the perfect starter home or ideal for someone looking to downsize while enjoying all that Packanack Lake has to offer - 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&clu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017