2154 Marion Avenue
About This Property
The inviting and functional layout includes a cozy den, a sunken living room with a gas fireplace, a formal dining area, and an updated eat-in kitchen, creating ideal spaces for everyday living and entertaining. A finished loft provides flexible space that can easily adapt to your needs- perfect for a home office, den, hobby area, reading nook, playroom, or additional living space to suit your lifestyle.
This is the perfect chance to own a home in one of Merrick's most sought-after neighborhoods. Conveniently located near parks, the LIRR, shopping, restaurants, and transportation.
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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 29, 2026 | Sold | ||
| Sold | |||
| Aug 23, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by Signature Premier Properties | $769,000 | |
| Listed by Signature Premier Properties | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017