2523 Emerald Lane
About This Property
Charming home with 2 spacious bedrooms, 2 baths and garage converted to a newly permitted ADU with 1+1. ADU has its own private entrance and a covered patio perfect to relax on summer days. Home is in a pristine quiet little cul-de-sac close to schools, shopping and much more. Walk into the living area with inviting stone fireplace for those cold nights. Vaulted ceilings and tile flooring throughout the home. Brand New HVAC system throughout both the home and the ADU. Enclosed patio in the back with kitchen. Sliding doors in master bedroom exit to a spacious backyard with a vegetable garden. Come see what this home has to offer.
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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 |
|---|---|---|---|
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Sold | ||
| Sold | |||
| Sep 14, 2024 | In contract | - | |
| In contract | |||
| Jul 24, 2024 | Listed by ESO Realty Inc. | $430,000 | |
| Listed by ESO Realty Inc. | |||
| Jan 16, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017