14 Merriam Way
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%.
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 |
|---|---|---|---|
| Sep 20, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $420,000 | |
| Listed | |||
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This colonial garrison located in a sub division neighborhood with a level and wooded lot. The kitchen has a breakfast area with access to a 10x12 screened porch overlooking the wooded lot. Off the kitchen, the floor plan has a family room with full bath, and bay style window. In addition, the second floor main bedroom has walk in closet and the room opens into an office/nursery flex room and is adjacent to the main bath. There is a large easy walk in access storage area over the garage. Two other bedrooms finish out the second floor. The interior has just installed carpets and fresh paint. Outside the landscaping features a level lot with mature trees, shrubs, and in ground sprinkler system. There is also a 2 car 22 foot attached garage. If you are looking for an established neighborhood, this is the one. Three bedroom septic has passed Title V.The manager has listed the unit size as 2158 square feet.
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| Mar 1, 2017 | Listed by RE/MAX Partners | $420,000 | |
| Listed by RE/MAX Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017