12 Washington Drive
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%.
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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 |
|---|---|---|---|
| Dec 18, 2025 | Sold | ||
| Sold | |||
| Oct 28, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2025 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Sep 23, 2025 | Listed by Douglas Elliman Real Estate | $649,999 | |
| Listed by Douglas Elliman Real Estate | |||
| |||
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3BR & 1.5 bath Cape Cod new to the market in Merrick. Open floor plan with hardwood floors on main floor. Sliders in the dining room lead to the deck in the backyard. Updated kitchen features SS appliances, granite counters, tile backsplash & gas cooking. Recently renovated full bath on main floor. Full finished basement w/ utility room & washer/dryer room. Backyard features wood deck, PVC fence, IG sprinklers. Gas heat in home. Sep HW heater. Home features smart thermostats & alarm. Smart air conditioner in living room. Roof is 10 years young. Heating system is 10 years young. Detached 2 car garage has electric heating & air conditioning installed in garage. Garage features a spacious walk up second floor loft for extra storage. Close proximity to schools and the Long Island Railroad.
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| Jan 28, 2014 | Sold | ||
| Sold | |||
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About Merrick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017