138-70 Elder Ave #2M
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, 2022 | Sold | ||
| Sold | |||
| Sep 8, 2021 | In contract | - | |
| In contract | |||
| Jun 14, 2021 | Listed | $538,800 | |
| Listed | |||
| Nov 3, 2018 | No longer available | - | |
| No longer available | |||
| Jun 19, 2018 | Listed | $550,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/15/2026
|
2 Bed
|
2 Bath
|
1300 ft²
|
$575,000
2 Bed
2 Bath
1300 ft²
|
-
-
|
Faye Young
Forward NY Real Estate Corp
| |
|
12/23/2025
|
1 Bed
|
1 Bath
|
750 ft²
|
$379,000
1 Bed
1 Bath
750 ft²
|
-
-
|
Man F. Chan
Chase Global Realty Corp
| |
|
09/19/2025
|
1 Bed
|
1 Bath
|
750 ft²
|
$259,000
1 Bed
1 Bath
750 ft²
|
-
-
|
Man F. Chan
Chase Global Realty Corp
| |
|
07/11/2025
|
1 Bed
|
1 Bath
|
750 ft²
|
$398,000
1 Bed
1 Bath
750 ft²
|
-
-
|
Man F. Chan
Chase Global Realty Corp
| |
|
06/03/2025
|
2 Bed
|
1 Bath
|
1000 ft²
|
$550,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
Man F. Chan
Chase Global Realty Corp
| |
|
06/03/2025
|
Studio
|
1 Bath
|
600 ft²
|
$299,000
Studio
1 Bath
600 ft²
|
-
-
|
Man F. Chan
Chase Global Realty Corp
| |
|
07/06/2024
|
2 Bed
|
2 Bath
|
-
|
$575,000
2 Bed
2 Bath
|
-
-
|
cheng chen
FORWARD NY REAL ESTATE CORP
| |
|
09/14/2024
|
2 Bed
|
1 Bath
|
1000 ft²
|
$438,000
2 Bed
1 Bath
1000 ft²
|
$438,000
05/02/2025
|
Man F. Chan
Chase Global Realty Corp
| |
|
06/14/2021
|
3 Bed
|
2 Bath
|
-
|
$538,800
3 Bed
2 Bath
|
$525,000
-2.56%
01/24/2022
|
Zhen Hu
New Group Realty Inc
| |
|
03/16/2021
|
1 Bed
|
1 Bath
|
-
|
$279,800
1 Bed
1 Bath
|
$305,000
+9.01%
10/13/2021
|
Yasser Bassily
Douglas Elliman Real Estate
| |
|
04/30/2019
|
2 Bed
|
2 Bath
|
1250 ft²
|
$538,000
2 Bed
2 Bath
1250 ft²
|
-
-
|
Benjamin Shen
Century Homes Realty Group LLC
| |
|
04/04/2019
|
2 Bed
|
2 Bath
|
1250 ft²
|
$535,000
2 Bed
2 Bath
1250 ft²
|
-
-
|
Yunlong Gao
Winzone Realty Inc
| |
|
04/02/2019
|
2 Bed
|
2 Bath
|
-
|
$535,000
2 Bed
2 Bath
|
$520,000
-2.80%
07/23/2019
|
Lawrence Gao
Winzone Realty Inc
| |
|
02/24/2019
|
2 Bed
|
2 Bath
|
1250 ft²
|
$628,000
2 Bed
2 Bath
1250 ft²
|
-
-
|
cheng chen
FORWARD NY REAL ESTATE CORP
| |
|
06/19/2018
|
3 Bed
|
2 Bath
|
-
|
$550,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
11/30/2016
|
2 Bed
|
2 Bath
|
-
|
$338,000
2 Bed
2 Bath
|
$328,000
-2.96%
04/19/2017
|
Steven Leong
Best Group Realty Inc
| |
|
04/03/2012
|
3 Bed
|
2 Bath
|
1400 ft²
|
$339,000
3 Bed
2 Bath
1400 ft²
|
$315,000
-7.08%
04/15/2013
|
Man F. Chan
Chase Global Realty Corp
| |
|
01/12/2012
|
1 Bed
|
1 Bath
|
900 ft²
|
$258,000
1 Bed
1 Bath
900 ft²
|
$238,000
-7.75%
07/25/2012
|
Man Yung Chan
RE/MAX City
|
Building Info
- 126 Units
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017