1940 N Berwick 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 |
|---|---|---|---|
| Nov 9, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2022 | Listed by RE/MAX Realty One | $799,000 | |
| Listed by RE/MAX Realty One | |||
| May 6, 2022 | No longer available | - | |
| No longer available | |||
| Mar 18, 2022 | Listed by Moody Maxon Real Estate | $899,900 | |
| Listed by Moody Maxon Real Estate | |||
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Have you always dreamed of living in an authentic Old Maine Barn that has been renovated to modern living on a babbling brook?Look no further than this meticulously maintained 1855 Barn on Merriland Stream!The barn was renovated completely over the last 3 years & features the original floor boards of the barn now used as stairs, the kitchen counter & even the dining room table.The barn offers an open concept kitchen, living room & dining area perfect for entertaining.The eat in kitchen is large & functional with custom counters & industrial appliances.Nothing was spared expense wise right down to the custom lighting.There is a large sunroom off the back of the home looking out onto the deck with floor to ceiling full glass doors.The home has forced air heat with central air conditioning on the upper levels & heat pumps in the lower level of the home. The lower level of the home features a bedroom with full bathroom, flex space to use how you wish along with an area for a hair salon!The 2nd floor (main level) offers a master suite with slider doors going out onto the back deck for tons of natural light, a large bathroom with tile surround, and a water closet for the toilet. There is also a separate 1/2 bath on this level along with a laundry room.The next level (3rd) consists of 2 large loft spaces looking down onto the kitchen/living/dining area that could be used as you wish but is currently used as an office & a place for music to be created!There is a full bathroom on this level also!The top floor has a flex space used as another living room/sitting area and a large bedroom you need to see to appreciate! Efficiency heat wise was the main focus in this renovation w/spray form insulation & insulated vinyl siding outside all while maintaining the look & feel of the original barn. The driveway was recently paved, new detached 2 car garage & a new whole house automatic generator. All this and only minutes to the ocean & in a great commuter location!
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| May 7, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017