16 Babylon Road
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 |
|---|---|---|---|
| Feb 24, 2022 | Sold | ||
| Sold | |||
| Dec 2, 2021 | In contract | - | |
| In contract | |||
| Oct 28, 2021 | No longer available | - | |
| No longer available | |||
| Sep 22, 2021 | Listed by Signature Premier Properties | $799,000 | |
| Listed by Signature Premier Properties | |||
| Aug 17, 2021 | Listed by HILLEL REALTY GROUP LLC | $799,999 | |
| Listed by HILLEL REALTY GROUP LLC | |||
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OPEN HOUSE SATURDAY & SUNDAY !!! Welcome home to 16 Babylon Road. A fully renovated house located in Merrick Long Island. This home offers 5 Bedrooms 3 Full Bathrooms and a full finished basement with a custom Sauna Room, Huge private back yard for those summer nights, coming off a massive patio deck. Prepare to fall in love with this upscale custom designed Italian kitchen with a waterfall island, top of the line stainless steel appliances, including a smart Samsung refrigerator, Fisher & Paykel double dishwasher and a wine cooler! The sensible open concept is flooded with natural sun light. Brand new windows and sliding patio doors throughout entire home. All electrical, plumbing, roofing and siding has been replaced and up to date. Gorgeous hardwood floors throughout home, custom built closets in bedrooms, Italian doors, and sky lights in bedrooms. A true Turn Key home waiting for it's new Owner. Located near it all... transportation, shops, restaurants, grocery stores, including Trader Joes just blocks away. Near beautiful Cammanns Pond County Park. Brokers Bring Your Buyers. :)
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About Merrick
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017