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509 N Elm Drive
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 10, 2026 | Listed by The Agency | $16,750,000 | |
| Listed by The Agency | |||
| Oct 23, 2024 | Listed | $14,995,000 | |
| Listed | |||
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We are proud to present you THE MARILYN at 509 North Elm Drive, a three level masterpiece of warm, modern luxury nestled in the heart of the prestigious Beverly Hills Flats. This exquisite Spanish contemporary new home boasts an impressive 9,832 square feet of thoughtfully designed living space, offering the epitome of comfort, elegance, made for an inviting atmosphere for todays modern lifestyle, gathering and entertaining.Step inside the The Marilyn and find on the main level a grand dining room fit to seat eighteen of your guest plus your formal living space with a linear glass fireplace. The culinary haven of a kitchen is adorned with sleek marble waterfall island, top-of-the-line Wolf and Subzero appliances and custom cabinetry.In The Marilyn, each of the six bedrooms is a sanctuary of its own, featuring en-suite marble baths and custom walk-in closets, all of which are sophisticated with design elements. The primary retreat creates serenity with marble gas fireplace, custom wood paneling accent wall, an oversized designer closet, and a marble primary bath featuring smart mirror with TV, jacuzzi tub and vanity with backlit lighting, and a large private terrace. The basement level is also complete with indoor/outdoor great room, an entertainers professional bar with illuminating marble counter tops, and a top-notch theater room that will give you the ultimate cinematic experience. The cutting edge fitness center is equipped with the Peloton stationary bicycle, the Tonal mirror, and a built in Italian marble steam room shower for your recovery. The home exclusively features owned solar panels, great for energy efficiency. The Marilyn offers you a celebrity's lifestyle with all the prestige.
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| Mar 1, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2018 | Listed by Douglas Elliman | $5,900,000 | |
| Listed by Douglas Elliman | |||
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Sold Off-Market, Comps Purposes Only
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| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
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About Beverly Hills
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$7,750 /mo
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$8,900 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017