114 Elm St
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 25, 2019 | Sold | ||
| Sold | |||
| Aug 7, 2018 | Listed by Lamacchia Realty, Inc. | $574,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| | |||
|
Built in 1690, this charming house has been loved and maintained for centuries and is looking for its new owner. The first floor showcases two original cooking fireplaces with its open concept layout between the kitchen, dining room and living room, as well as its first floor bedroom and half bath. The second floor features three bedrooms and a full bath, and a walk-up attic with copious storage. Outside there is a breakfast patio, a spacious fenced in backyard, and 2/3 of the one acre lot remains an undeveloped owner's choice of privacy or expansion before abutting the rail trail. 114 Elm is a mixed used property, fully zoned for commercial. There is currently an active hair salon in the rear of the residential unit in addition to a separate ca 1600 sf commercial unit, and conveniently offers over a dozen off-street parking spots.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017