53
Map
237 Elwa Place
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%.
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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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by Douglas Elliman | $12,495,000 | |
| Listed by Douglas Elliman | |||
| May 13, 2026 | Price Decreased |
$12,495,000
↓ $1M
(10.1%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by Douglas Elliman | $13,900,000 | |
| Listed by Douglas Elliman | |||
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BRAND NEW 2026 construction in the highly sought-after SOSO neighborhood. Designed and architected by Keith Spina, this residence blends striking modern design with exceptional craftsmanship and luxury finishes throughout. The home features top-of-the-line Italian custom cabinetry, 51 slabs of polished Royal Oyster marble across the kitchen and baths, and elegant Italian porcelain tile flooring. The luxurious primary suite includes a private morning bar and spa-inspired bath. A private fitness studio, elevator, Crestron smart home system, and automatic shades throughout provide ultimate comfort and convenience. Designed for both indoor and outdoor living, the property offers an impressive outdoor entertaining bar and lounge, two summer kitchens, and a heated pool. The rooftop terrace elevates the experience with a heated spa, cold plunge, and stunning sunset views. Ideally located in the heart of SOSO, just minutes from Palm Beach Island, top restaurants, shopping, Palm Beach International Airport, and downtown West Palm Beach. A rare opportunity to own a brand-new luxury residence in one of the area's most desirable neighborhoods.
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| Oct 21, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by Douglas Elliman | $985,000 | |
| Listed by Douglas Elliman | |||
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About Elwa Place
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$6,500 /mo
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$8,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017