8 Elm St #3
About This Property
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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 |
|---|---|---|---|
| Aug 20, 2018 | Sold | ||
| Sold | |||
| May 16, 2018 | Listed by Reva Capital Realty | $340,000 | |
| Listed by Reva Capital Realty | |||
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Spacious and bright 3-Bedroom/1.5-Bathroom condo, just renovated! Hardwood floors throughout, except for tile in the kitchen and in the bathrooms. Bright and sunny living room, connected with the dining room in a semi-open floor plan. A full renovated bathroom plus a half bathroom with Washer and Gas dryer. Renovated eat-in kitchen with stainless steel appliances (gas stove). Built-in Bluetooth speakers in Kitchen, Living, and Dining room. Large private rear porch. Central A/C and forced hot air heating on gas. Full basement with concrete floors for additional storage. Brand new rubber roof, installed in 2018 with a 10-year warranty. Close to public transportation and schools.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2018
|
3 Bed
|
2 Bath
|
1151 ft²
|
$340,000
3 Bed
2 Bath
1151 ft²
|
$340,000
08/20/2018
|
Vito Neshev
NextGen Realty, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017