1705 Eldon Street
About This Property
This well-kept 1-story brick home offers lasting quality and comfort on an oversized lot shaded by beautiful live oak trees. The property includes a two-car attached finished garage, double concrete driveway, covered patio, fenced yard, a storage building, and a separate shop - great for storage, hobbies or extra workspace.
Lovingly maintained by the same owner since 1987, the home has seen thoughtful updates including replaced windows, blinds, metal garage door, exterior trim paint, and a 5-year-old HVAC system. Inside, enjoy an inviting kitchen with built-in oven, range top, dishwasher, refrigerator, breakfast bar, and double pantry. Two bedrooms feature double closets, with one bath offering a walk-in shower and the other a tub/shower combo.
Note: Home needs foundation work and is offered "As-Is". Seller Disclosures and Foundation estimate are attached.
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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 18, 2026 | Sold | ||
| Sold | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Price Decreased |
$165,000
↓ $20K
(10.8%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$185,000
↓ $5K
(2.6%) | |
| Price Decreased | |||
| May 1, 2026 | Price Decreased |
$190,000
↓ $10K
(5%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017