39
Map
1602 Elmwood Drive
About This Property
Step inside to find a generously sized living area perfect for entertaining or relaxing, along with two dining spaces ideal for hosting gatherings or creating a flexible home office or second living area. The layout provides both comfort and versatility for everyday living.
Outside, the property truly shines. Enjoy a stunning greenhouse structure perfect for year-round gardening, along with a separate shop building for hobbies, storage, or workspace needs. Rear alley access and a long driveway provide added convenience and privacy.
The home is serviced by a private water well, offering efficiency and cost savings while maintaining the lush outdoor space.
With room to spread out, unique features, and a prime location, this property is a rare find you don't want to miss!
Buyers and Buyers Agent to verify schools, square footage, and materials
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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 |
|---|---|---|---|
| Jun 19, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by KW SYNERGY* | $475,000 | |
| Listed by KW SYNERGY* | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017