53 ELKVIEW #985
About This Property
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Cap Rate Calculator
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 30, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Nov 15, 2025 | Price Decreased |
$377,500
↓ $17K
(4.2%) | |
| Price Decreased | |||
| Oct 31, 2025 | Price Decreased |
$394,000
↓ $6K
(1.5%) | |
| Price Decreased | |||
| Sep 13, 2025 | Price Decreased |
$399,900
↓ $20K
(4.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/22/2025
|
4 Bed
|
3 Bath
|
3110 ft²
|
$420,000
4 Bed
3 Bath
3110 ft²
|
$378,000
-10.00%
12/30/2025
|
Colleen Weissman
Berkshire Hathaway Home Services Preferred Properties
| |
|
08/22/2024
| |
4 Bed
|
2 Bath
|
2305 ft²
|
$103,950
4 Bed
2 Bath
2305 ft²
|
$123,000
+18.33%
01/13/2025
|
Colleen Weissman
Berkshire Hathaway Home Services Preferred Properties
|
|
11/04/2020
| |
4 Bed
|
2 Bath
|
2305 ft²
|
$85,000
4 Bed
2 Bath
2305 ft²
|
-
-
|
Colleen Weissman
Berkshire Hathaway Home Services Preferred Properties
|
|
07/21/2005
| |
4 Bed
|
2 Bath
|
2305 ft²
|
$225,000
4 Bed
2 Bath
2305 ft²
|
$231,000
+2.67%
11/04/2005
|
Joseph V. Pavlovich
Re/Max Wayne
|
|
06/20/2002
| |
4 Bed
|
2 Bath
|
2388 ft²
|
$129,000
4 Bed
2 Bath
2388 ft²
|
$129,000
10/11/2002
|
Sunita Arora
ERA One Source Realty - Lake Ariel
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017