53 Elves Lane
About This Property
The beautifully updated eat-in kitchen (2023) is the heart of the home, featuring white shaker-style cabinetry, a pantry, stainless steel appliances, quartz countertops, and ample space for everyday dining. A striking dual-sided fireplace with a wood-burning insert (2024) creates a warm, inviting ambiance, seamlessly connecting the kitchen and spacious living room.
The full bathroom was tastefully renovated in 2023, and the versatile carport provides covered parking or an ideal outdoor entertaining area. With the proper permits, it also offers the potential to be converted into a garage.
Step outside to a generously sized backyard designed for entertaining, complete with a large patio and plenty of space for gatherings, outdoor dining, play, or gardening.
Ideally located near parks, shopping, restaurants, schools, and major transportation, this home combines convenience with comfort. While the roof and heating system are older, the home has been lovingly maintained over the years, offering a wonderful opportunity to move right in and add your own personal touches.
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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 2, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Listed by Douglas Elliman Real Estate | $649,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Oct 8, 2015 | Sold | ||
| Sold | |||
| Apr 15, 2015 | Listed by Douglas Elliman Real Estate | $305,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
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About Levittown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017