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7220 Elderly Avenue
About This Property
This exceptional home features 4 bedrooms and 3.5 bathrooms, including three bedrooms with private en-suite baths, offering the perfect blend of comfort, functionality, and luxury. Meticulously upgraded throughout, this move-in-ready home showcases beautiful wood-look luxury vinyl plank (LVP) flooring, fresh interior paint, new ceiling-height kitchen cabinetry with convenient pull-out drawers, stunning quartz countertops in the kitchen and bathrooms, updated ceiling fans, and much more. For added peace of mind, both HVAC units are only two years old.
Situated on an expansive 13,000+ sq. ft. lot, the property also offers RV parking and a spacious 3-car garage, providing ample room for vehicles, recreational toys, storage, and hobbies.
Priced as the lowest-priced single-story home in the community, this is an incredible opportunity you won't want to miss. Schedule your private showing today!
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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 4, 2026 | Sold | ||
| Sold | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Price Decreased |
$820,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$824,800
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Jun 22, 2026 | Listed by Realty ONE Group, Inc | $829,900 | |
| Listed by Realty ONE Group, Inc | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017