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2131 Eliot St
About This Property
The interior includes original hardwood flooring, solid wood trim, and preserved architectural details. Living spaces are well lit and efficiently laid out. The kitchen and bathrooms have been updated to support modern use while remaining consistent with the home's original structure.
The lower level includes a secondary living area, storage space, and a non-conforming bedroom. An oversized one-car garage with alley access is located at the rear of the property.
Exterior features include a front porch and a private backyard suitable for outdoor use and entertaining. The location provides convenient access to major commuter routes as well as nearby restaurants, coffee shops, and breweries.
Property is priced at lot/land value.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017