2115 Jefferson Street
About This Property
Step outside to enjoy beautifully maintained landscaping and a private backyard retreat featuring updated pavers completed in 2024, mature privacy bushes, and a great combination of usable grass space and a dedicated area perfect for kids. The property also includes a five-zone in-ground sprinkler system to keep the grounds looking their best, a natural gas hookup for a barbecue grill, a spacious two-car garage, and a three-car driveway. Conveniently located just minutes from the LIRR, shopping, restaurants, and the main shopping district in Merrick, this home is a fantastic opportunity in a prime location.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| May 30, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Listed by Alexander Madison Realty Inc | $849,999 | |
| Listed by Alexander Madison Realty Inc | |||
| Nov 28, 2018 | Sold | ||
| Sold | |||
| Sep 6, 2018 | Listed by Alexander Madison Realty Inc | $549,000 | |
| Listed by Alexander Madison Realty Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017