6701 ELVERTON DR
About This Property
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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%.
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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 |
|---|---|---|---|
| Apr 14, 2023 | No longer available | - | |
| No longer available | |||
| Mar 7, 2023 | In contract | - | |
| In contract | |||
| Feb 15, 2023 | Listed by Tuscana Properties | $2,399,000 | |
| Listed by Tuscana Properties | |||
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Settled high in the hills above Montclair Village, this contemporary executive home has been sensibly crafted to maximize the multi-level floorplan. Four floors of prominent living areas are accessed via a staircase or elevator. Chef's kitchen is fully equipped with top-of-the-line stainless steel appliances, one-of-kind concrete island and a walk-in temperature controlled wine cellar. Wine connoisseurs will pleasantly welcome the built-in wine fridge & comforting fireplace that provides an elegant ambiance while cooking in the kitchen. French doors open off the formal dining room to a zen patio surrounded by bamboo and graced with a weeping wall fountain. The master embraces the third floor with his and hers oversized walk-in closets, a private balcony and an open ensuite with soaker tub and 2-way fireplace. Movie nights in your private home theater with state of the art surround sound system and a game room with wet bar will be sure to lure your friends and family over. The manager has listed the unit size as 5531 square feet.
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| Sep 11, 2014 | Sold | ||
| Sold | |||
| Apr 16, 2014 | Listed by THE GRUBB COMPANY | $1,800,000 | |
| Listed by THE GRUBB COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017