48 Elm Street
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 |
|---|---|---|---|
| Oct 22, 2026 | In contract | - | |
| In contract | |||
| Oct 14, 2026 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $899,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| Oct 1, 2015 | Sold | ||
| Sold | |||
| Jun 25, 2014 | Listed by Coldwell Banker Realty - Belmont | $575,000 | |
| Listed by Coldwell Banker Realty - Belmont | |||
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True Victorian multi unit office building with flexable space that can vary from 10 units down to 4. Presently has 7 "offices". 1st floor 1,077 S/F +- one unit. 2nd floor presently has 4 offices. Top floor has 2 offices. +-. Gorgeous entry foyer and staircase. Wrap around porch. Ample parking. 3 room lower level office has walkout to grade on parking lot side. 3 car detached garage rented $ 500 per month. The property is very well maintained and is ideal for an owner occupant that wants a landmark type location with style and character.
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| Nov 10, 2009 | Listed by Barrett, Chris. J., REALTORS® | $699,900 | |
| Listed by Barrett, Chris. J., REALTORS® | |||
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True Victorian multi unit office building with flexable space that can vary from 10 units down to 4. Presently has 7 "offices" with a 1st floor 900 S/F+- vacancy. Gorgeous entry foyer and staicase. Wrap around porch. Ample parking. 3 room lower level office has walkout to grade on parking lot side. 3 car detached garage rented $ 500 per month. The property is very well maintained and is ideal for an owner occupant that wants a landmark type location with style and character.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017