2225 Element Way #2
About This Property
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 9, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Listed by Redfin Corporation | $625,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/13/2025
|
3 Bed
|
2 Bath
|
1430 ft²
|
$625,000
3 Bed
2 Bath
1430 ft²
|
$630,000
+0.80%
01/09/2026
|
Charles Wheeler
Redfin Corporation
|
Building Info
About Otay Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,850 /mo
- 3 Beds
- 2 Baths
- 1,552 ft²
$4,900 /mo
- 4 Beds
- 2 Baths
- 1,775 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017