2077 Byron Road
About This Property
Attention builders, investors, and buyers looking to create their dream home! This oversized 12,000-square-foot property, currently improved with an existing house, offers exciting potential in Merrick's Lindenmere Estates. Explore the possibility of dividing the property into two 6,000-square-foot lots for two new homes side by side, or create one custom home on the full parcel.
A rare opportunity to bring your vision to life!
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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 |
|---|---|---|---|
| Oct 21, 2026 | Listed by Douglas Elliman Real Estate | $1,350,000 | |
| Listed by Douglas Elliman Real Estate | |||
| Oct 3, 2026 | No longer available | - | |
| No longer available | |||
| Sep 26, 2026 | Price Decreased |
$1,400,000
↓ $49K
(3.4%) | |
| Price Decreased | |||
| Aug 17, 2026 | Price Decreased |
$1,449,000
↓ $50K
(3.3%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by Signature Premier Properties | $1,499,000 | |
| Listed by Signature Premier Properties | |||
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CALLING ALL MERRICK INVESTORS & HOMEOWNERS! TAKE ADVANTAGE OF THIS RARE OPPORTUNITY TO BUILD 2 CUSTOM HOMES IN MERRICK’S LINDENMERE ESTATES!! LOCATED CLOSE TO THE LIRR, MERRICK VILLAGE, PARKS, BEACHES, MARINAS & WATERFRONT DINING, THIS PROPERTY CAN BE DIVIDED TO ACCOMMODATE 2 BRAND NEW HOMES ON 6,000 SQ. FT. LOTS EACH OR 1 BRAND NEW HOME ON A SPRAWLING 12,000 SQ. FT. ESTATE STYLE PROPERTY!
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017