88 Edgewater Place #5B
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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Jul 12, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Relisted | $538,000 | |
| Relisted | |||
| May 30, 2024 | In contract | - | |
| In contract | |||
| May 21, 2024 | Listed by Coldwell Banker, Alpine/Closter | $538,000 | |
| Listed by Coldwell Banker, Alpine/Closter | |||
Property Highlights
88 Edgewater Place #5B, Edgewater, NJ, 07020
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/21/2024
|
2 Bed
|
2 Bath
|
-
|
$538,000
2 Bed
2 Bath
|
$540,000
+0.37%
08/02/2024
|
-
|
Wangpin Ting
Coldwell Banker, Alpine/Closter
| |
|
02/25/2023
|
3 Bed
|
2 Bath
|
-
|
$660,000
3 Bed
2 Bath
|
$660,000
06/02/2023
|
Bruce Elia, Jr.
Keller Williams City Views Realty
| ||
|
09/11/2021
|
2 Bed
|
2 Bath
|
1165 ft²
|
$425,000
2 Bed
2 Bath
1165 ft²
|
-
-
|
-
|
Suenar Chu
Coldwell Banker, Fort Lee
| |
|
04/15/2019
|
2 Bed
|
2 Bath
|
-
|
$499,000
2 Bed
2 Bath
|
-
-
|
-
|
Sheria Dixon
Keller Williams Town Life
|
Building Info
About Edgewater
Similar Homes for Sale
Nearby Rentals
Coldwell Banker, Alpine/Closter
Last Updated: 6 months ago
Data Source: NJMLS , MLS# 24015891
All information deemed reliable but not guaranteed.© 2024 New Jersey Multiple Listing Service Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
