50 ELDERT Street
About This Property
The chef's kitchen features Italian marble countertops, custom cabinetry, and premium stainless steel appliances, flowing effortlessly to a private deck and serene backyard oasis.
The garden level offers a guest suite, full bath, and laundry, while the top floor boasts two sunlit bedrooms with ample closets and a spa-inspired bath.
Ideally situated near the Halsey Street J train, this home offers unparalleled access to Brooklyn and Manhattan as well as close proximity to the restaurant, nightlife, and shopping that have made Bushwick one of the city's most sought after and trendy neighborhoods.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017