2 Elmcrest Circle
About This Property
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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 |
|---|---|---|---|
| Aug 14, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed | $1,375,000 | |
| Listed | |||
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Stunning Custom Oversized Cape on one of Melrose’s most prestigious cul-de-sacs, just one block from Bellevue Golf Club. Step in the front door to an elegant living room with gas fireplace. Go right to an office or playroom alcove or left to a dreamy eat-in kitchen. Fully renovated and expanded in 2024, this chef’s haven offers custom cabinets, quartz countertops, two ovens, two sinks, gas cooktop, and two full islands. Alongside the kitchen is a mudroom with entry to a 2 car attached heated garage. An addition along the back of the house features a spacious light filled family-dining room combo. A generous bedroom and full bath with walk-in shower complete the first floor. Upstairs you'll find six additional bedrooms, two and a half baths, skylit hallway, and spiral staircase connecting to the family room below. Other recent improvements include: shining hardwood flooring, recessed lights, central heat and AC systems, windows, French drain, mudroom, heated garage and gas fireplace.
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| Oct 11, 2019 | Sold | ||
| Sold | |||
| May 29, 2019 | Listed by Century 21 Sexton & Donohue | $799,900 | |
| Listed by Century 21 Sexton & Donohue | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017