20 Merritt Drive
About This Property
w/ bay windows & remote gas fireplace. Kitchen w/ granite countertops, ss appliances. Bathroom w/granite double vanity and shower stall & glass
doors. Navien combo-boiler system/instant hot water system & central air. Finished heated basement for recreation room, family room or even an office w/ storage & closets galore! Septic system 6 years old & roof is 19 years young. One car attached garage w/ new door & opener. Enjoy the beautiful spacious landscaped backyard under the covered patio porch. Showings start 10/1
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 13, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | In contract | - | |
| In contract | |||
| Sep 30, 2023 | Listed by Tesoros Property Mgmt LLC | $334,900 | |
| Listed by Tesoros Property Mgmt LLC | |||
| Oct 8, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by Tesoros Property Mgmt LLC | $279,000 | |
| Listed by Tesoros Property Mgmt LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017