1493 Meridian St
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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed | $549,900 | |
| Listed | |||
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Welcome to this 3-bedroom ranch with practical features throughout. The front entry has hardwood floors and a coat closet. A sunken living room includes a wood-burning fireplace and bay window. Dining area and kitchen open to the backyard through sliding doors. The kitchen features granite countertops, stainless steel appliances, upgraded cabinets, and a breakfast bar that seats three. All bedrooms have hardwood floors. The full bathroom includes a marble vanity and a linen closet. A two-car garage provides access to the backyard. Outside, there’s a raised concrete patio and a large backyard suitable for various activities. The concrete driveway accommodates up to 8 vehicles.
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| Aug 19, 2024 | Sold | ||
| Sold | |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017