14 Mercato
About This Property
Soaring ceilings and dramatic two-story windows flood the home with natural light, creating an immediate sense of openness. The expanded open-concept kitchen flows seamlessly into the living area, forming a stunning great-room design ideal for relaxing and entertaining.
Marble flooring with black granite inlays adds timeless refinement. The gourmet kitchen features a built-in KitchenAid refrigerator, Wolf range, stainless steel dishwasher, custom Schuler cabinetry, and a sleek stainless steel backsplash. Imported Blue Bahia granite enhances the kitchen and baths, while a matching custom entertainment center anchors the living space. Built-in speakers with a Sonos sound system elevate gatherings, and a remote-controlled gas fireplace with included large-screen TV creates the perfect setting for cozy evenings.
Upstairs, a custom stained-glass window and skylight add architectural charm. The primary suite offers vaulted ceilings, greenery views, and coastal breezes. Its spa-inspired bath includes a walk-in closet with built-ins, dual sinks, custom cabinetry, an Ove smart toilet, and a multi-spray shower with frameless glass enclosure. Bathrooms feature granite counters, stone floors and wainscoting, stainless-steel sinks, and Hansgrohe fixtures, while the secondary bath includes a spa tub.
Additional upgrades include double-pane tinted windows, whole-house water filtration, complete re-plumbing, upgraded electrical, a tankless water heater, modern shades, and a Nest thermostat. Two secondary bedrooms provide flexibility, including one with custom office built-ins. The two-car garage offers storage cabinetry and soundproofed adjoining walls. An energy-efficient Asko washer and dryer are included.
Outside, the private backyard enjoys southern exposure and is designed for relaxation and entertaining, with flagstone hardscape, a built-in gazebo, gas fireplace, artificial turf, mature trees, and a fountain with three cascading waterfalls. An outdoor shower completes this serene escape.
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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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 29, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$1,349,900
↓ $49K
(3.5%) | |
| Price Decreased | |||
| Feb 17, 2026 | Listed by Landmark Realtors | $1,398,900 | |
| Listed by Landmark Realtors | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017