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4 Emerson Place
About This Property
The upper level offers 2 bedrooms with potential for a 3rd bedroom, a full bath, updated vinyl flooring, and bright living and dining areas. The lower level includes an additional bedroom, full bath, spacious family room, and a converted garage that now serves as additional living space complete with its own split-system heating and cooling and walkout access to the driveway. Enjoy year-round entertaining in the enclosed Florida room featuring skylights and a gas heater, with direct access to a deck overlooking the fully fenced backyard with white vinyl privacy fencing. The property also includes an inground pool and hot tub being sold as-is, plus a gas line hookup available for a future pool heater.
Additional features include central AC, baseboard and electric heat, gas cooking, washer and dryer included, newer hot water heater, and new flooring upstairs and downstairs. Conveniently located near shopping, major highways, beaches, medical facilities, and transportation, this unique property offers endless possibilities for extended family living, home office setup, or flexible lifestyle needs.
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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%.
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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 |
|---|---|---|---|
| Aug 26, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by RE/MAX Central | $629,900 | |
| Listed by RE/MAX Central | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017