237 ELDRIDGE Street #21
About This Property
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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 |
|---|---|---|---|
| Jan 14, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2024 | In contract | - | |
| In contract | |||
| Sep 27, 2024 | Listed by Corcoran Group | $399,000 | |
| Listed by Corcoran Group | |||
| Apr 13, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Oct 22, 2021 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/12/2025
|
3 Bed
|
2 Bath
|
1000 ft²
|
$1,499,999
3 Bed
2 Bath
1000 ft²
|
-
-
|
Steven Schwab
Tom Crimmins Realty, Ltd.
| |
|
10/17/2024
|
Studio
|
1 Bath
|
-
|
$465,000
Studio
1 Bath
|
$465,000
09/15/2025
|
nicholas Stright
Corcoran Group
| |
|
09/27/2024
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$399,000
01/14/2025
|
Brian Lover
The Corcoran Group
| |
|
10/03/2023
|
1 Bed
|
1 Bath
|
-
|
$375,000
1 Bed
1 Bath
|
$375,000
03/12/2024
|
Jonathan Tauzowicz
Compass
| |
|
07/11/2019
|
Studio
|
1 Bath
|
-
|
$429,000
Studio
1 Bath
|
$425,000
-0.93%
11/25/2019
|
Jill Letts
Corcoran Group
| |
|
08/23/2018
|
1 Bed
|
1 Bath
|
-
|
$460,000
1 Bed
1 Bath
|
$460,000
03/06/2019
|
Jason Schuchman
Brown Harris Stevens
| |
|
05/23/2018
|
2 Bed
|
1 Bath
|
-
|
$521,000
2 Bed
1 Bath
|
$521,000
10/23/2019
|
Matthew Westfall
Charles Rutenberg, LLC
| |
|
05/22/2017
|
1 Bed
|
2 Bath
|
-
|
$675,000
1 Bed
2 Bath
|
$670,000
-0.74%
09/18/2017
|
Erin Wheelock
Keller Williams NYC
| |
|
10/06/2016
|
1 Bed
|
1 Bath
|
-
|
$581,000
1 Bed
1 Bath
|
$581,000
03/24/2017
|
Ryan Walls
Compass
| |
|
07/28/2016
|
1 Bed
|
1 Bath
|
400 ft²
|
$425,000
1 Bed
1 Bath
400 ft²
|
$425,000
12/27/2016
|
Manuel Michael Gallegus
Compass
| |
|
06/10/2016
|
Studio
|
1 Bath
|
-
|
$435,000
Studio
1 Bath
|
$445,000
+2.30%
12/05/2016
|
Marianna Dimentman
Compass
| |
|
04/08/2014
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$399,000
10/01/2014
|
Jill Letts
The Corcoran Group
| |
|
09/23/2013
|
1 Bed
|
1 Bath
|
450 ft²
|
$375,000
1 Bed
1 Bath
450 ft²
|
$370,000
-1.33%
01/10/2014
|
Xiao Xue
Keller Williams NYC
| |
|
04/09/2013
|
1 Bed
|
1 Bath
|
-
|
$415,000
1 Bed
1 Bath
|
$415,000
07/23/2013
|
Jill Ann Letts
The Corcoran Group
| |
|
10/22/2012
|
3 Bed
|
-
|
-
|
$500,000
3 Bed
-
|
$500,000
06/20/2013
|
Michael B Sussilleaux
The Corcoran Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017