Map 16 Lot 81 Morningside
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 9, 2026 | Listed by RE/MAX Area Real Estate Network LTD | $699,900 | |
| Listed by RE/MAX Area Real Estate Network LTD | |||
| Sep 24, 2024 | Listed | $699,900 | |
| Listed | |||
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63 acres at the end of a cul de sac development with 300 ft frontage on the cul-de-sac. This could be an estate lot or developed intomore lots. With 300 ft frontage you can start with one and work on the rest. There is some mature timber on the lot and many possibilities. Just minutesto the highway, employment centers, recreation and shopping.
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About Merrimack
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Last Updated Date: 2026-02-09
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 5076063
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