34
Map
709 Elder WAY
About This Property
Listed By
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by New Hope Realty Group | $349,000 | |
| Listed by New Hope Realty Group | |||
| Jul 11, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by Wave Realty Group | $249,000 | |
| Listed by Wave Realty Group | |||
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This single-story home offers a functional floor plan, spacious layout, and an excellent opportunity for investors, flippers, or buyers looking to add their own personal touches. The property could benefit from repairs and updates to bring it back to its full potential and is being offered in its current condition. Buyer and buyer's agent to independently verify all information, including but not limited to square footage, schools, taxes, restrictions, condition, and suitability for buyer's intended use. Property is being sold as-is, and buyers are encouraged to conduct their own due diligence and inspections.
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| Jun 9, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017