1249 Meridian
About This Property
A versatile media room just off the main living space, currently used as a playroom, provides the perfect spot to relax or keep an eye on little ones while staying connected to the kitchen.
Step outside to enjoy the upgraded backyard, complete with a stunning cedar patio cover, an additional open brick patio, and six mature crepe myrtles that create a lush, private setting.
Residents enjoy access to a fantastic community center featuring three pools, including a dedicated kids' pool and a fully equipped fitness center. Plus, the new Willett Elementary adds even more appeal to this exceptional home and neighborhood.
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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 2, 2026 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
| Jul 3, 2026 | Price Decreased |
$415,000
↓ $20K
(4.6%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$435,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Christie's Lone Star | $445,000 | |
| Listed by Christie's Lone Star | |||
| Apr 4, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017