9 Precedent Place
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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 31, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | $1,725,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Manalapan | |||
| Dec 27, 2022 | Sold | ||
| Sold | |||
| Oct 21, 2022 | Listed by RE/MAX Central | $1,599,000 | |
| Listed by RE/MAX Central | |||
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An Absolute *SHOWSTOPPER* in a Prime Cul De Sac Location Nestled On a 1.85 Acre Lot in Sought After Manalapan! This Stunning Brick Front Estate Offers Over 8,000 Sq Feet Of Living Space Including The Finished Basement, and Has Been COMPLETELY Renovated By One Of The Area's Most Prestigious Builders. Zero Expenses Spared and Top Quality Materials Used, Along w/ a BRAND NEW Septic System, 2 Brand New Hot Water Tanks, 4 New AC Units, Brand New Water Filtration System, New Hardwood Flooring & More! 6 Spacious Bedrooms and ALL Have Their Own Full Bathroom. Quartz Counters in Every Bathroom + Kitchen AND Basement Kitchenette. Kitchen Includes All Brand New Jenn Air Appliances! Finished Basement w/ New Rubber Flooring in The Gym Room. Fully Redone 1150 Sq Ft 4 Car Garage w/ New Epoxy Flooring.
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Property Highlights
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About Monmouth
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017