3725 Eliot St
About This Property
Step through the stained-glass entry to a hand-carved staircase and rich period details. New windows keep the home remarkably quiet, while original shutter styles remain in the kitchen, living room, and stairwell for charm. Walkable to Highland Square, Tennyson, and Locavore, minutes to Downtown.
The main floor flows easily with a versatile bedroom/office, dining room, living room with a brick fireplace, full bath, and laundry. The remodeled chef's kitchen features a specialty range, custom butcher block, and exposed beams. Upstairs offers three bedrooms, a loft, and two baths, including one with a private balcony, plus basement storage.
An attached ADU adds flexibility, with its own kitchen, living area, bedroom, 3/4 bath, dedicated panel, mini-split HVAC, and private entrance, with four years of rental history for income or guests.
Outside, mature edible landscaping (serviceberry, raspberry, strawberry, elderberry, honeysuckle, herbs) surrounds stone garden beds and a stone front patio. The backyard offers a patio, dog run, and wood fencing, plus a wrought iron front fence, outdoor sauna, plus off-street parking for two behind the home.
Major upgrades include a redone electrical panel with subpanels, grid-tied solar, all-new windows, a re-engineered driveway with sump pump, fresh paint in and out, new gutters, and new laundry machines. Legacy basement HVAC materials were also professionally abated.
A home for those who appreciate historic character: quiet, comfortable, spacious, full of life.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017