502 E Elder Street
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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 |
|---|---|---|---|
| Jan 28, 2026 | Price Decreased |
$1,500,000
↓ $500K
(25%) | |
| Price Decreased | |||
| Oct 17, 2025 | Listed by LPT Realty | $2,000,000 | |
| Listed by LPT Realty | |||
| May 7, 2025 | Listed | $2,000,000 | |
| Listed | |||
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4.9 Acre parcel consisting of 2 APN'S 103-246-28-00 (3.98 Acres) and 103-246-17-00 (.92 Acres). Flexible zoning use regulations RU (Urban Residential)
and general plan designation Village Residential VR-15. Buyers to complete thorough investigations and approve all zoning,public records,inspections including square footage,permits etc.prior to removing all contingencies. Fallbrook Public Utility water meter in place. Sewer access available. Do not miss this Excellent Development Opportunity. Please review supplemental attachments.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017