11 Merrill Avenue
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 |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed | $574,900 | |
| Listed | |||
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Move-In Ready Home Just Steps from King's Beach! This beautifully renovated 3-bedroom, 2-bath single-family home offers modern comfort in a prime location. Enjoy brand-new flooring throughout, a stunning kitchen with stainless steel appliances, quartz countertops, and two fully renovated bathrooms. The spacious open basement provides plenty of storage, and the property includes ample off-street parking. Nothing to do but move in and start living by the beach. This is the one you've been waiting for!
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| Mar 16, 2011 | Listed by Nelson, Nelson & Assoc. Realty, Inc. | $229,000 | |
| Listed by Nelson, Nelson & Assoc. Realty, Inc. | |||
| Aug 16, 2010 | Listed by Nelson, Nelson & Assoc. Realty, Inc. | $229,000 | |
| Listed by Nelson, Nelson & Assoc. Realty, Inc. | |||
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Charming Cape home in move in condition with hardwood floors, fireplaced living room, 2 full and one half bath within close proximity to the beach, park, school, public transportation on the Swampscott line in the Diamond District. Many updates including, paint and new bath. 4 car off street parking, front porch to sit and smell the ocean air and fenced yard for gardening. Must see to appreciate.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017