94 FRANKLIN CORNER ROAD
About This Property
Upstairs are three generously sized bedrooms and a beautifully renovated hall bath featuring Italian tile flooring and a fully tiled tub surround with a waterfall spout, rainfall shower head, and modern touch on/off mirror. The primary bedroom offers a walk-in closet and a brand-new en-suite bath with Italian tile flooring, a custom tiled shower with built-in shelving, rainfall and handheld fixtures, and a touch-activated mirror. Brushed nickel accents are featured throughout the home, adding a cohesive, contemporary finish.
The lower level includes a comfortable family room with a second wood-burning fireplace and direct access to the garage. One level below is a spacious recreation room/basement with washer and dryer hookups in place. Additional highlights include baseboard hot water heat and central air conditioning for year-round comfort. The whole house has been freshly painted warm colors. Lots of closets and storage throughout the home. Walk up attic space for more storage. Great level yard that is partially fenced in.
Large driveway for at least 8 cars.
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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%.
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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 |
|---|---|---|---|
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by Coldwell Banker Residential Brokerage - Bedminster | $595,500 | |
| Listed by Coldwell Banker Residential Brokerage - Bedminster | |||
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017