105 Shoreham Way
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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 6, 2025 | Sold | ||
| Sold | |||
| Jun 21, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Blue Island Homes NY LLC | $899,000 | |
| Listed by Blue Island Homes NY LLC | |||
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Welcome to Your Dream Ranch-Style Home in South Merrick! Move right into this beautifully updated ranch nestled in the heart of South Merrick. Featuring 3 spacious bedrooms and 2 full bathrooms, this home offers the perfect blend of comfort, luxury, and modern design. Step inside to find a spacious living room and a thoughtfully designed open-concept kitchen, seamlessly connected to the dining area and sun-filled family room—ideal for entertaining and everyday living. The kitchen, bathrooms, and flooring were all fully renovated in 2024, and new Andersen windows were installed in 2022, enhancing both efficiency and curb appeal. Enjoy modern upgrades throughout, including a Sonos sound system, gas conversion fireplace, new washer and dryer, and a new pool pump—all completed in 2024. Central air conditioning units were updated in 2017, and custom closets throughout the home were updated in 2020. Step outside into an entertainer’s paradise. The backyard features a stunning inground gunite saltwater pool and a brand-new covered outdoor kitchen, finished in 2025, with a gas BBQ, pizza oven, built-in fridge, and stylish pavers—perfect for unforgettable summer gatherings. This luxurious, move-in-ready home has been meticulously maintained and thoughtfully upgraded. Just unpack your bags and start enjoying the South Merrick lifestyle. Flood insurance: $2,162.
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| Oct 4, 2016 | Sold | ||
| Sold | |||
| May 9, 2016 | Listed by Keller Williams Rty Gold Coast | $535,000 | |
| Listed by Keller Williams Rty Gold Coast | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017