2848 RUSSELL ST
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Listed by The GRUBB Company | $1,995,000 | |
| Listed by The GRUBB Company | |||
| | |||
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Blending European flair with Leola Hall’s timeless craftsmanship, this 1916 Elmwood residence is a striking example of architectural refinement. Its classic exterior honors historic integrity, while the interiors are reimagined for modern living, balancing comfort, efficiency, and timeless style. A light-filled, open layout flows seamlessly from a chef’s kitchen with precision cabinetry and exceptional appliances to spacious living spaces that extend naturally to landscaped gardens. Custom built-ins and integrated storage enhance the clean, minimalist aesthetic, while spa-inspired baths, elevated ceilings, and finely detailed finishes elevate daily life. Perfectly located just steps from College Avenue and the Claremont Resort, this exceptional home is a rare blend of heritage and contemporary design in one of Elmwood’s premier settings.
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| May 16, 2016 | Sold | ||
| Sold | |||
| Apr 22, 2016 | Listed by THE GRUBB CO. INC. | $1,195,000 | |
| Listed by THE GRUBB CO. INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017