511 ELLIS AVENUE
About This Property
Upstairs, you'll find three comfortable bedrooms, including a generous primary with a walk-in closet and ceiling fan, plus a full hall bath. The lower level offers a cozy brick-surround wood-burning fireplace, the 4th bedroom, an updated full bath, and the laundry room with utility sink, great flex space for multigenerational living, guests, or a private work-from-home setup.
The fully finished walkout basement adds even more usable space with tile flooring and two bonus rooms for storage or hobbies. Recent updates include new front steps and a rear deck, great for relaxing. Outside, enjoy a lot just under a quarter acre (≈0.19 ac), plenty of parking, and a peaceful setting in addition to a shed for additional storage. Additional highlights and perks include a whole-house generator. Schedule your appointment today!
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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 |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Listed by EXP Realty, LLC | $360,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017