2376 Element Way #3
About This Property
The manager has listed the unit size as 1430 square feet.
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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 10, 2025 | Sold | ||
| Sold | |||
| Sep 16, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Aug 16, 2025 | Listed | $699,000 | |
| Listed | |||
| | |||
|
Welcome to this stunning development of MILLENIA in the ever so Popular ELEMENT. In the SOUTHEAST Corner sits This contemporary 3-bed- 3-bath home boasts a spacious floor plan, perfect for modern living. On Suite MBR w/ walk in closet and bath. The open-concept main level is filled with natural light and offers seamless indoor-outdoor flow to a private balcony, where you can take in breathtaking views of the surrounding area. The gourmet kitchen is equipped with sleek stainless steel. VIEWS from MAIN LIVING AREA ! Walkable to everything ! Oversized 2 car direct access garage, interior laundry.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/16/2025
|
3 Bed
|
2 Bath
|
1430 ft²
|
$699,000
3 Bed
2 Bath
1430 ft²
|
$641,000
-8.30%
10/10/2025
|
Salvatore Cefalu
Keller Williams SD Metro
| |
|
01/21/2021
|
3 Bed
|
3 Bath
|
1430 ft²
|
$515,000
3 Bed
3 Bath
1430 ft²
|
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-
|
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|
Building Info
About Otay Ranch
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Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017