1121 Merrick 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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2024 | Relisted | $669,000 | |
| Relisted | |||
| Aug 1, 2024 | Price Increased |
$788,000
↑ $119K
(17.8%) | |
| Price Increased | |||
| May 22, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by B Square Realty Inc | $669,000 | |
| Listed by B Square Realty Inc | |||
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Beautifully restored and extensively renovated colonial, featuring a stunning kitchen with custom cabinets and quartz countertops. Roof redone in 2018, driveway and concrete in 2019. Spacious and bright layout includes two large rooms on the first floor, with the master bedroom and full bath upstairs along with another large bedroom. Finished basement for added living space. Close to shopping and highway access. Don't miss out on this beautiful home! Schedule a viewing today!
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About North Merrick
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017