53 Elmere Road
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 |
|---|---|---|---|
| Sep 23, 2020 | Sold | ||
| Sold | |||
| May 21, 2020 | Listed by GRG Gosselin Realty Group | $335,000 | |
| Listed by GRG Gosselin Realty Group | |||
| Oct 15, 2019 | No longer available | - | |
| No longer available | |||
| Aug 31, 2019 | Price Decreased |
$335,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Aug 4, 2019 | Listed | $345,000 | |
| Listed | |||
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East of RT 1 on a cul-de-sac abutting the Rachel Carson Reserve, you're just minutes to the beaches, shops and restaurants! This well maintained 3-bedroom vintage home in recent past has been used primarily as a second home get-away and offers a large barn (great for storage), on public water and sewer with a detached 2 car garage on a 0.93 acre lot that has the potential for a Two Family / Duplex, and is just waiting to be reimagined!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017