2 Merrill
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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | Listed by Century 21 North East | $339,900 | |
| Listed by Century 21 North East | |||
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3 Bedrooms in a well maintained, neat and tidy single family on a quiet side street. Minutes to Tuscan Village and everything Rt 28 in Salem has to offer. The home has been occupied by the same family for almost 20 years. Showings start at the open houses (to be announced)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017