28 Merle Place
About This Property
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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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Keller Williams Realty Elite | $739,000 | |
| Listed by Keller Williams Realty Elite | |||
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THIS ONE IS IT! This well maintained and renovated, Deer Park expanded ranch has everything you need and more! Located within the Half Hollow Hills School District, 28 Merle Pl brings you 4 spacious bedrooms and 2 full updated bathrooms and updates throughout. Entering in from it's adorable front porch, you're greeted by a spacious living room area with beautiful hardwood flooring. Move on into the absolutely expansive Eat-in-Kitchen with gorgeous cabinets and granite countertops...and of course, stainless steel appliances as well...coupled with large sliders leading you out to the rear patio and private in-ground pool - lining and equipment recently replaced. The layout truly lends to easy entertaining as well as fantastic privacy in your oversized backyard! The bedrooms provide ample space and plenty of closet storage. Need a spot for guests? No problem! As a possible m/d with proper permits, your guests can stay for as long as they need while having their own bonus space separated from your own! Gas Heat*Full Basement*Updated Boiler, Water Heater, CAC and ROOF!*Electric Vehicle Hookup/Plug-In*Close and convenient to shopping, public transportation and more!
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| Apr 18, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 28, 2025 | Price Decreased |
$748,000
↓ $50K
(6.3%) | |
| Price Decreased | |||
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About Deer Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017