122 Morris Court
About This Property
Project Timeline
The construction phase is already in progress with the first 8 units being finished out currently. The marketing and sales phase will begin simultaneously with the construction of the townhomes like McGregor Springs' previous projects. Most units were sold prior to the completion of the construction phases. Based on the area demand and commitment of community leaders, McGregor Springs expect
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | Listed by Re/Max Centex, REALTORS | $225,000 | |
| Listed by Re/Max Centex, REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017