23
Map
2273 Merlin Drive
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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%.
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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 |
|---|---|---|---|
| May 28, 2025 | Listed | $750,000 | |
| Listed | |||
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Diamond ALF is a fully licensed, turnkey assisted living facility offering a rare opportunity for immediate operation and strong income potential. Recently renovated with several hundred thousand dollars in upgrades, this 4-bedroom property is approved for six residents and includes a full fire alarm and suppression system, a backup generator, and all infrastructure required for regulatory compliance. Though currently unoccupied, the facility is fully approved, licensed, and ready to open its doors. Each of the six beds is capable of generating approximately $5,000 - $5,500 per month, offering the potential for $30,000+/month in gross income. The layout is efficient and resident-friendly, creating a safe and comfortable environment while allowing for smooth day-to-day operations. Whether you're an experienced operator or new to the senior care industry, Diamond ALF delivers a fully finished, move-in ready business in a growing market with increasing demand for assisted living services
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| Oct 30, 2023 | Sold | ||
| Sold | |||
| May 18, 2020 | Sold | ||
| Sold | |||
| Nov 21, 2019 | Listed by Bella Casa Realty | $279,900 | |
| Listed by Bella Casa Realty | |||
| Apr 1, 2008 | Sold | ||
| Sold | |||
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About Falcon Ridge
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Currently no similar homes aroundNearby Rentals
$2,250 /mo
- 3 Beds
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- 1,497 ft²
$2,495 /mo
- 4 Beds
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- 1,862 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017