1894 Commonwealth Avenue
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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.
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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by Douglas Elliman Real Estate | $719,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome to this Beautifully Updated and Well Maintained Home in the Heart of Merrick, Offering 4 bedrooms and 2 full baths. 1st floor has an enclosed Front Porch, Living Room, Dining Room, Hardwood Floors, Updated Kitchen with New Appliances. 1st Floor Offers: Primary Bedroom, 2nd Bedroom or Office and 1 Full Bath Renovated 2022. 2nd floor has 2 additional bedrooms. Full Basement with Outside Entrance. 2nd Full Bathroom updated in 2018. New Navien Tankless Gas/Hot Water system w/ New Flow Sensors. Roof 3 years old with Solar Panels (Loan $170mo - 11 yrs remaining). New Driveway with Detached Garage & New Sidewalks. Fully Fenced. Taxes Have Been Grieved, 2027 Grievance Pending. Star Rebate (if eligible $1,116). Close Proximity to LIRR and Highways. No Flood Insurance.
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| Sep 8, 2020 | Sold | ||
| Sold | |||
| Jun 24, 2020 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017