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2005 Abbot Avenue
About This Property
A beautifully maintained home nestled in the heart of North Merrick within the award-winning North Merrick School District. This inviting residence perfectly blends comfort, functionality, and a flexible layout that suits today's lifestyle.
Step through the welcoming entrance foyer into a bright, open main level featuring a spacious formal dining room, a well-appointed eat-in kitchen with ample cabinetry, and a cozy wood-burning fireplace that anchors the living space. Gleaming hardwood floors flow throughout, adding warmth and character to every room.
A converted garage provides valuable additional living space, ideal as a private in-law suite, guest room, or home office.
Year-round comfort is ensured with gas heat, gas hot water, and central air conditioning. The partially finished basement expands your options even further, perfect for a home gym, playroom, or additional storage.
Outside, the property offers a cozy, low-maintenance yard, creating just the right amount of space to relax, garden, or enjoy a quiet evening outdoors.
With its prime North Merrick location, close proximity to parks, shopping, and transportation, and access to top-rated schools, 2005 Abbot Avenue is ready to welcome you home.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017