346 Elm St
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 6, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Feb 25, 2025 | Listed by LIV Sotheby's International Realty | $4,750,000 | |
| Listed by LIV Sotheby's International Realty | |||
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Welcome to 346 Elm Street, an original Alvarez Morris-designed home built in 2017 and since beautifully re-imagined by Andrea Schumacher Interiors. Featured in both Luxe Interiors Design Magazine and Colorado Homes & Lifestyles Magazine. Layered with rich textures, fabrics and wall coverings, this home is a true jewel box where each room offers a unique, expressive design full of warmth and color. The formal living room features an elegant limestone fireplace and the study has grasscloth walls, silk hand-painted ceiling and new shelving. The dining room is illuminated by a beaded Palacek chandelier and includes a built-in bar. The family room with its custom designed cabinetry opens to the kitchen and the back patio. A dramatic 25-foot wall of glass sliding doors seamlessly connects the indoor space to the outdoor patio and yard. The kitchen, designed by Aspen Leaf Kitchens, is anchored by a grand island and a show-stopping light fixture. It includes Sub-Zero appliances, wine refrigerator, marble slab backsplash, custom plaster hood, exposed rift oak and metal shelving and a hidden walk-in pantry. An 12-foot counter-height custom table provides space for casual dining. Upstairs, enter the private primary retreat with vaulted ceilings, layered fabrics, linear fireplace and a dramatic window with warm western sunlight. The spa-like ensuite bath includes Waterworks marble tile and fixtures and custom lighting. A second bedroom, currently used as an office, is finished in a warm green palette with a wood wallpaper ceiling and custom shelving. Two additional stylish bedrooms share a Jack-and-Jill bath, and an upstairs laundry room adds convenience. The lower level includes a private guest suite, kids' playroom, reading nook and a large rec room perfect for movie nights. Additional upgrades include a new roof, whole-home humidifier, water softener, electric car charger and newly landscaped yard. This home was a former Denver Designer Show House, come take a look!
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| Apr 13, 2022 | Sold | ||
| Sold | |||
| Mar 23, 2022 | Listed | $3,600,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017