2515 Babylon
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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 |
|---|---|---|---|
| May 13, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Feb 29, 2024 | Listed by RPB Realty | $625,000 | |
| Listed by RPB Realty | |||
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Welcome to your beautifully updated home in Merrick, conveniently located just off Babylon Turnpike. This charming residence boasts a myriad of recent enhancements, ensuring modern comfort and style throughout. Step inside to discover a refreshed interior highlighted by an array of upgrades. New windows adorn most of the house, inviting ample natural light. A partial new roof on the front adds to the home's curb appeal and durability, ensuring peace of mind for years to come. An updated kitchen, featuring sleek stainless steel appliances that promise both functionality and sophistication. New flooring spans the home, offering a mix of plush carpeting, durable vinyl, and elegantly refinished hardwood, blending aesthetic appeal with practicality. Convenience and versatility are key features of this property. A bonus room at the rear of the house presents endless possibilities, whether utilized as an additional bedroom, a dedicated laundry room, a cozy office, or a versatile flex space to suit your needs. New air conditioning units ensuring optimal climate control, while a recently serviced oil burner with new parts provides reliable heating during colder months. Freshly painted interiors create a crisp and welcoming ambiance, ready for you to personalize and make your own. Outside, a large garage offers ample storage space, complete with loft storage to accommodate all your belongings and more. Commute convenience is another standout feature of this home. Located just moments away from Merrick Road, Sunrise Highway, the Meadowbrook Pkwy, and the Long Island Rail Road (LIRR) station, easy access to major transportation routes ensures effortless travel to work or leisure destinations.
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| May 20, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017