Off-Market Property at 85 Farley Rd, Short Hills, NJ, 07078
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85 Farley Rd, Short Hills, NJ, 07078

$3,698,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $170 per day, based on similar listings in the area. Estimated short-term cap rate of -7.0%. Prepare to be captivated - your ideal abode awaits! Built in 2013, this residence is nestled in the sought-after Deerfield neighborhood, boasting a serene, tree-canopied setting on a sprawling .616 lot. The impressive two-story entry sets the tone for this grand 7bd, 6.1bth home, equipped w/lofty ceilings, hrdwd floors, exquisite millwork & transom windows that bathe each space in sunlight. Experience the sophistication w/a well-conceived flr pln featuring an elegant FLR, a DR perfect for gatherings, butler's pantry w/wet bar & fridge, & a gourmet chef's kitchen. This culinary haven boasts a/WOLF 6-burner stove w/griddle, wall oven & micro., a SUB-ZERO refrig., dual BOSCH dshwshrs, a pantry, & an expansive center island, seamlessly flowing into a FR & sitting area w/gas frplc & easy access to the backyard. An in-law suite, office, PR, & an integrated sound system complete the 1st fl. Upstairs is home to 5 generously-sized bdrms, includ./a luxurious primary suite w/tray ceiling, breathtaking views, walk-in closets, & an opulent en-suite bthrm. A magical breezeway w/balcony connects bdrms, adding fairytale enchantment. The 3rd fl offers an extra-large versatile space. Prepare to be wowed by the basement, an extraordinary rec. room, ultra-chic wet bar, en-suite bdrm, mudroom, & a 3-car garage. The backyard is a haven w/a bluestone-covered porch, dual-sided stone fireplace, & a sprawling lawn w/mature trees. Welcome home to a lifestyle of unparalleled comfort & convenience!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$55130
Bedrooms
7
Bathrooms
7
SQFT
26,572
Furnished
unknown
Year built
2013
Listing Status
Off Market
MLS
3882578

Short-term Rental Potential
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$34,140

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$139

Price/SQFT