228 ELM BR Road
About This Property
This stunning 4 bed, 3 bath, enclosed office, 3 car garage home by Toll Brothers in Mill Creek Forest - an exclusive *GATED* neighborhood with *NO CDD FEES!* Available now!
This residence is a masterpiece of modern design and luxury, offering all the upgrades you've been searching for. This home has 10-foot ceilings and 8-foot doors throughout, with tray ceilings in the great room, giving it a feeling of elegance and openness.
The home's gourmet kitchen features quartz countertops, walk-in pantry, porcelain farmhouse style sink, and stainless steel appliances, perfect for entertaining or everyday meals. You will love the convenience of built-in drawer inserts in the bottom cabinets, designed to maximize storage and keep everything neatly in its place.
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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 5, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 22, 2026 | Price Decreased |
$643,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Jan 24, 2026 | Price Decreased |
$644,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Nov 14, 2025 | Price Decreased |
$649,000
↓ $11K
(1.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017