Off-Market Property at 62 Cambridge Dr, Short Hills, NJ, 07078
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62 Cambridge Dr, Short Hills, NJ, 07078

$2,895,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $967 per day, based on similar listings in the area. Estimated short-term cap rate of -3.2%. An architectural contemporary showpiece of grand living space & an open floor plan featuring 5 beds, 4.5 bths, soaring ceilings, gleaming 6" wide plank, white oak flrs, glass railing staircase throughout, recessed lighting, automated lighting systems, exceptional gourmet kitchen featuring spacious center island, dark gray cabinetry w/ under cabinet LED lights, dark walnut accents, frosted subway tile backsplash, sleek quartz countertops, Subzero refrigerator, Wolf double wall oven & gas cooktop, built in microwave, Bosch dishwasher, complete with a window lined eat in area & access to the deck. Family room is illuminated by walls of grand windows, w/ double sided fireplace open to the dining room leading you to the living room. The primary bedroom is expansive w/ private spa like bath, neutral stone flooring, stone tiled statement wall, soaking tub, grand glass enclosed shower, dual sink floating vanity & spacious fully outfitted WIC w/ built in drawers. Two additional bedrooms share a jack & jill bthrm complete w/ dual sink vanity & glass enclosed shower area. The spacious loft w/ terrace & laundry room complete the top floor. Just a short level up from the first floor rests a pwdr room, office/bedroom & additional bedroom w/ en-suite bath making the perfect in-law suite. The ground floor and basement are finished with loads of space for an additional office and rec room with full bath. Top rated Millburn schools, Mid Town Direct Train line, close to shops & restaurants.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$34249
Bedrooms
5
Bathrooms
5
SQFT
15,682
Furnished
unknown
Year built
1957
Listing Status
Off Market
MLS
3912774

Short-term Rental Potential
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$127,836

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$184

Price/SQFT