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1285 Elder St
About This Property
Offering 1,850 square feet of well-designed living space, this ranch-style gem features 4 spacious bedrooms and 2 bathrooms, including a fully finished basement that expands your options for living and entertaining. The home is filled with natural light, creating an open and airy atmosphere that enhances its warm and welcoming feel.
Recent upgrades include brand-new windows throughout, a new electrical panel, a freshly poured driveway, a new concrete garage floor, and a new garage door-adding both value and peace of mind for the future homeowner.
The main level includes 3 comfortable bedrooms and a full bathroom, while the kitchen provides ample cabinet and counter space-perfect for everyday cooking and hosting. Downstairs, the finished basement adds versatility with an additional bedroom (non-conforming), a 3/4 bath, a cozy family room, and a dedicated laundry area.
Step outside to a private, fully fenced backyard complete with a patio-ideal for outdoor gatherings, gardening, or simply relaxing in your own peaceful retreat. The attached two-car garage offers generous parking and storage solutions.
With no HOA fees, this home combines privacy, convenience, and accessibility in a desirable location.
This move-in-ready gem is a must-see. Schedule your private tour today and experience the comfort and charm this home has to offer.
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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 |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | Listed | $475,000 | |
| Listed | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Relisted | $465,000 | |
| Relisted | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017