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1402 Merrick Avenue
About This Property
From the moment you enter, you'll appreciate the bright, open layout and beautiful hardwood floors. The showstopping eat-in kitchen is truly the center of the home, featuring an oversized island, granite countertops, generous storage, and a butler's pantry-ideal for morning coffee, family dinners, and entertaining alike. The spacious dining and living areas flow seamlessly for effortless gatherings.
With 4 generously sized bedrooms, 4 full baths, this home easily adapts to today's lifestyle. The spacious en-suite primary bedroom offers a private retreat,complete with a walk-in closet and a beautifully appointed primary bath featuring a luxurious double-head shower. A flexible first-floor room can be used as a home office or potential fifth bedroom, while the fully finished basement with a full bath provides an incredible bonus level of living space including a home gym and a media/entertainment room. The home offers the security of a full house water filtration system.
Outside, the 70 x 90 property offers a beautiful setting for enjoying the outdoors with beautiful landscaping, while an attached garage and private driveway add everyday convenience. Modern amenities include washer/dryer on the 2nd floor, 2-zone central air, 2-zone heating, in-ground sprinklers, and energy-efficient construction.
A beautiful, young home with all the space and amenities today's buyer is looking for-ideally located in the heart of Merrick. Just unpack and enjoy!
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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 |
|---|---|---|---|
| Oct 7, 2026 | Listed by BH&G R E Realty Connect | $1,199,000 | |
| Listed by BH&G R E Realty Connect | |||
| Feb 8, 2021 | Sold | ||
| Sold | |||
| Dec 1, 2020 | In contract | - | |
| In contract | |||
| Oct 6, 2020 | Price Decreased |
$929,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Aug 25, 2020 | Price Increased |
$949,000
↑ $20K
(2.2%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017