5 Elgin Avenue
About This Property
This Parcel Features:
-0.41 Acres Giving You An Ample Sized Front And Backyard Space.
-Attached Garage.
-Located In A Dead End, Near The Massena Memorial Hospital.
-Open Floor Plan With Abundant Storage Space.
-Public Water And Septic
Property Needs Rehab. Assignment Of Contract. Cash. As Is.
Listed By
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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 |
|---|---|---|---|
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by M J J Realty | $79,900 | |
| Listed by M J J Realty | |||
| Jan 15, 1997 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017