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2729 Elmwood Ave
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%.
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 |
|---|---|---|---|
| Sep 27, 2021 | No longer available | - | |
| No longer available | |||
| Sep 16, 2021 | Listed by Keller Williams Realty | $4,795,000 | |
| Listed by Keller Williams Realty | |||
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David Gunderman - 510-205-4369 - Recently featured in Architectural Digest (September 2021) as a sophisticated example of modern sustainability, 2729 Elmwood is an architectural masterpiece in the heart of the coveted Elmwood. Originally known as the Cairns House, and designed by renowned architect Walter J. Ratliff, the 5432 square foot, 6BD/5.5BA Beaux Arts and Crafts home is the essence of 1920s elegance blended with modern convenience. The personal residence of distinguished NYC architects, the home has undergone an MN Builders +/- $1.5M modern renovation that thoughtfully honors Ratcliff’s original work, retaining the arts and crafts detailing that blends sumptuously with stylish modern updates including a sleek chef’s kitchen with breakfast room and butler's pantry, opulent modern baths, smart technologies, and a robust state-of-the-art solar and Tesla Powerwall battery system. The manager has listed the unit size as 5342 square feet.
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| Nov 4, 2019 | Sold | ||
| Sold | |||
| Aug 21, 2019 | Listed by MCGUIRE REAL ESTATE | $3,195,000 | |
| Listed by MCGUIRE REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017