259 Merrain Road
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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.
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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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Mar 21, 2025 | In contract | - | |
| In contract | |||
| Feb 6, 2025 | Price Decreased |
$17,900,000
↓ $600K
(3.2%) | |
| Price Decreased | |||
| Dec 7, 2024 | Price Increased |
$18,500,000
↑ $600K
(3.4%) | |
| Price Increased | |||
| May 1, 2024 | Listed by The Corcoran Group | $17,900,000 | |
| Listed by The Corcoran Group | |||
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This absolutely stunning Old Palm Beach style custom estate designed by Tom Kirchhoff and featured in Architectural Digest is in outstanding condition on one of the most desirable north end streets with direct beach and Lake Trail street access. Meticulous and thoughtful, its many details include well scaled rooms, ultra high ceilings, downstairs primary suite with dual baths and bay window overlooking the lush gardens by Mario Nievera. Its free flowing floor plan includes an open kitchen, breakfast and family room, formal dining room, library, two amazing outdoor loggias, gracious two story foyer, beautiful millwork and pecky cypress. This is one of the most serene properties with a fabulous pool and spa to relax and enjoy everything harmonious for wonderful indoor/outdoor living.
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About Bello Lido
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$9,000 /mo
- 3 Beds
- 1 Bath
- 1,296 ft²
$7,750 /mo
- 3 Beds
- 2 Baths
- 1,835 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017