96 ELDERT Street #NA
About This Property
New to market! A unique opportunity awaits in the heart of booming Bushwick! Ideal for investors and primary homeowners alike.
96 Eldert Street is a fully gut renovated two unit home, both units have an abundance of outdoor space and either unit can easily function as the owners duplex with the other as rental income. The first floor duplex is comprised of four bedrooms, three full bathrooms, in-unit vented WasherDryer, brand new appliances, new HVAC and access to a massive back yard. In addition, the first floor duplex features a fully gutted finished basement. All the building's mechanicals are brand new. The top floor unit is a lovely three bedroom, one full bathroom, and features a large private terrace. The unit also features hardwood floors throughout, brand new appliances, new HVAC and an in-unit vented WasherDryer. You really need to view in person to appreciate the size and the amazing layout this property has to offer.
Just blocks away from the Chauncy Street J/Z subway stop. The location couldn't be better with all of Bushwick's best nightlife, restaurants, cafes and galleries all just a short stroll away.
- FULLY GUT RENOVATED
- BRAND NEW STAINLESS STEEL APPLIANCES
- NEW FINISHES
- NEW HEATERS
- NEW BOILER
- NEW ELECTRIC
- BACKYARD
- TERRACE
- LAUNDRY IN EACH UNIT
- HARDWOOD FLOORS
- CENTRAL AC
- BEAUTIFUL BACKYARD
- BOTH UNITS HAVE WASHERDRYER
- NEW HVAC THRU OUT THE ENTIRE BUILDING
INCOME:
UNIT 1: 4BR DUPLEX PLUS A FULLY FINISHED BASEMENT, WITH 3 FULL BATHS - projected rent is $3500 - $3,600 per month
UNIT 2: 3BR, 1 FULL BATH RENTAL - Currently being rented for $2200 per month lease ending 05/22 - Projected rent is $2600 - $2,700 per month
ANNUAL EXPENSES:
Flood Insurance: $759 per year
Taxes: $5,432.16
Property Insurance: $1,911
Water: $1,048
Gas and Electric paid by tenants
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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 |
|---|---|---|---|
| May 19, 2022 | Sold | ||
| Sold | |||
| Apr 6, 2022 | In contract | - | |
| In contract | |||
| Jan 31, 2022 | Listed by Douglas Elliman Real Estate | $1,300,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/31/2022
|
7 Bed
|
4 Bath
|
-
|
$1,250,000
7 Bed
4 Bath
|
$1,300,000
+4.00%
05/19/2022
|
Ariel Cohen
Prudential Douglas Elliman Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017