98 Elder #F
About This Property
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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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Nov 28, 2024 | Price Decreased |
$425,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $430,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/18/2024
|
2 Bed
|
2 Bath
|
888 ft²
|
$450,000
2 Bed
2 Bath
888 ft²
|
$415,000
-7.78%
02/10/2025
|
Melissa Westfall
Opendoor Brokerage Inc.
| |
|
05/26/2021
|
2 Bed
|
2 Bath
|
888 ft²
|
$435,000
2 Bed
2 Bath
888 ft²
|
$450,000
+3.45%
07/01/2021
|
Brionna Chang
| |
|
07/09/2015
|
2 Bed
|
2 Bath
|
888 ft²
|
$260,000
2 Bed
2 Bath
888 ft²
|
$268,000
+3.08%
08/18/2015
|
Bernie Lachney
BHG REAL ESTATE ROYAL & ASSOC.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017