137 Eldert Street #1
About This Property
Welcome to 137 Eldert #1. A truly unique duplex home, this is a sprawling home that feels more like a house, convertible to THREE sleeping areas, this unit is exquisitely customized with bespoke finishes, and manicured outdoor space rivaling square footage of the interior space. Imagine beautiful days as you entertain in your garden OR your downstairs patio. Each day can be filled with grilling and lemonade. You also have a tranquil library ideally suited for a home office, and a king-sized master bedroom made for sleeping in on the weekends.
Exclusive to this home, it also features two separate entrances for the bedroom and living room upstairs and the library / second bedroom downstairs, giving you much-needed convenience and privacy. The open layout and extra storage provide you all the space you need. The latest Caesarstone waterfall countertops, Whirlpool appliances, range that VENTS OUT, dishwasher and in-unit FULL-SIZED washer/dryer give you all the modern conveniences.
Building is qualified for the CONDO TAX ABATEMENT
https://www1.nyc.gov/site/finance/benefits/landlords-coop-condo.page
Second Bedroom is located in the downstairs duplex.
Just two blocks from the J train at Halsey Street and 5 blocks from the L train at Wilson Ave, 137 Eldert is at the dynamic intersection of Bushwick and Ridgewood. Steps from Michelin Guide rated Houdini Kitchen Laboratory, Father Knows Best, Industry1332, Halsey Ale House, and outdoor restaurant and event space Nowadays are within easy reach and make for the perfect place to socialize with neighbors and take in the creative spirit of the neighborhood. Ask about our local neighborhood guide!
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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 |
|---|---|---|---|
| Sep 1, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | No longer available | - | |
| No longer available | |||
| Jun 21, 2022 | Price Decreased |
$850,000
↓ $29K
(3.3%) | |
| Price Decreased | |||
| May 29, 2022 | Price Decreased |
$879,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| May 16, 2022 | Relisted | $899,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/25/2022
|
2 Bed
|
2 Bath
|
1026 ft²
|
$775,000
2 Bed
2 Bath
1026 ft²
|
$770,000
-0.65%
05/10/2023
|
Helen Chee
Compass
| |
|
11/12/2020
|
2 Bed
|
2 Bath
|
-
|
$699,999
2 Bed
2 Bath
|
$690,000
-1.43%
05/13/2021
|
Norman Heger
Home Court Real Estate LLC
| |
|
06/01/2020
|
2 Bed
|
2 Bath
|
1498 ft²
|
$950,000
2 Bed
2 Bath
1498 ft²
|
$790,000
-16.84%
11/06/2020
|
Marie Bromberg
Compass
| |
|
12/09/2016
|
2 Bed
|
2 Bath
|
-
|
$649,000
2 Bed
2 Bath
|
$649,000
03/16/2017
|
Calvin Thomas
Ideal Properties Group LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017