3 Elm 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%.
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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 5, 2025 | In contract | - | |
| In contract | |||
| Apr 15, 2025 | Listed by Compass Greater NY, LLC | $2,475,000 | |
| Listed by Compass Greater NY, LLC | |||
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Exceptional, completely renovated and expanded, Windmill Farm Colonial. Uniquely located on a double cul de sac, this bright 4-bedroom home features gorgeous wood floors, oversized windows, and upscale finishes. The dynamic chef’s kitchen, designed by Christopher Peacock, with custom cabinetry, a large island with beautiful quartzite, top of the line appliances including two ovens and a separate breakfast room with walls of windows, flows into the inviting family room. The sun-lit dining room has doors to the bluestone patio and the elegant living room highlights the attractive fireplace and built-in cabinets. The open flow and spacious rooms on the main level make this house great for entertaining. On the second floor, the primary suite includes a large walk-in closet and a gorgeous bathroom with dual sinks, large walk-in shower and air-jet bathtub. In addition, there are three bedrooms, two bathrooms, laundry and an amazing, expansive bonus room with exposed beams and a cathedral ceiling. The lower level offers a recreation room and storage. The outdoor spaces include a blue stone patio, a large, level yard and a basketball court. The home is privately set on a quiet cul de sac in a prime location in Windmill farms. This highly desirable community offers homeowners the exclusive opportunity to join the beloved private lake club and enjoy the beach, tennis, pickleball, boating, swimming, the clubhouse and so much more. Byram Hills Schools.
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| Sep 25, 2015 | Sold | ||
| Sold | |||
| Jun 5, 2015 | Listed by Houlihan Lawrence Inc. | $885,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017