1557 Merry Avenue
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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Feb 4, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Listed by De Luca Realty Group INC | $648,888 | |
| Listed by De Luca Realty Group INC | |||
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Large BRICK 2 bedroom home in Pelham Bay (Schuylerville) that is fully updated with stainless steel appliances, new kitchen and bath, open floor concept that leads to large yard. Wall units on top and middle floor for AC, basement is finished and also leads to the yard. Two large bedrooms next to an updated bathroom. Close to shops, train and highways.
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| Dec 18, 2017 | Sold | ||
| Sold | |||
| Oct 13, 2017 | Listed by RE/MAX Prime Properties | $419,000 | |
| Listed by RE/MAX Prime Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017