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7 Elliot Road
About This Property
The heart of the home is the fully renovated eat-in kitchen, completed in 2022, featuring modern finishes and an ideal layout for both everyday living and entertaining. A gracious living room and formal dining room provide elegant gathering spaces, while the inviting den with a fireplace and wet bar creates the perfect setting to relax or host guests.
The first floor offers exceptional convenience with a primary bedroom featuring an ensuite bath, along with two additional bedrooms and a full bathroom, ideal for flexible living arrangements. Upstairs, a bright loft or sitting area anchors three additional bedrooms and a full bathroom, offering privacy and comfort for family or guests.
The fully finished basement expands your living space even further, complete with a large recreation room, multiple storage rooms, a laundry area, and a utility room, providing endless possibilities for recreation, organization, or work-from-home needs.
Additional highlights include a two-car attached garage and a layout that seamlessly combines space, function, and comfort throughout.
Located in one of Great Neck's most sought-after neighborhoods, this home offers a rare opportunity to enjoy space, style, and convenience in a prime location with the Great Neck Park District amenities.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017