117 MORGAN Avenue
About This Property
Inside, the bright and dreamy chef's kitchen with walk in pantry and bar/butler's pantry, is perfect for entertaining, flowing into the cozy living room with a fireplace and abundant natural light. The spacious upstairs primary suite overlooks the lush, preserve-lined backyard with a stunning pool, two outdoor showers, and gorgeous landscape lighting.
Currently a chic office, a 5th bedroom can easily be converted back. No HOA or CDD fees here-just laid-back beach living in a warm, welcoming neighborhood. Move-in ready and designed impeccably, this house is just waiting for you to start your next chapter of beachside bliss!
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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 |
|---|---|---|---|
| Apr 23, 2025 | Sold | ||
| Sold | |||
| Mar 8, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $1,375,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
| Mar 1, 2021 | Sold | ||
| Sold | |||
| Feb 2, 2021 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | $779,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017