3 Emerson Pl
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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 |
|---|---|---|---|
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Feb 7, 2024 | Listed by Prominent Properties Sotheby's International Realty-Montclair | $719,000 | |
| Listed by Prominent Properties Sotheby's International Realty-Montclair | |||
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Spacious and bright center hall colonial with a quintessential location on a dead-end street in Upper Montclair close to the Village and train to NYC. Recently painted throughout with a spacious floorplan. Formal living room with wood burning fireplace and access to a lovely screened porch overlooking a private, level backyard. Gracious dining room off of the kitchen plus a bonus den and powder room on the first floor. Four light-filled bedrooms upstairs. Start your new year off right!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017