3 MERRYWEATHER DRIVE
About This Property
Nestled just outside the city limits, this updated single-story home (new roof, new HVAC, new stainless steel gutter guards! ) offers the perfect balance of peaceful living with easy access to all the shopping, dining, and amenities you need. You'll love being close to tennis courts and parks, while still enjoying no city taxes.
Inside, the spacious kitchen flows into the cozy great room, – perfect for entertaining or relaxing. The home also boasts a formal living room and dining room for added flexibility. Recent flooring upgrades throughout add a fresh, modern touch.
Outside, the partially fenced yard features an above-ground pool and deck, creating an ideal space for summer relaxation and fun. Plus, the attached garage offers convenience and extra storage.
Don't miss out on this gem!
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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 18, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Price Decreased |
$300,000
↓ $20K
(6.2%) | |
| Price Decreased | |||
| Nov 2, 2025 | Price Decreased |
$319,900
↓ $20K
(5.9%) | |
| Price Decreased | |||
| Jul 17, 2025 | Price Decreased |
$339,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
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About Algonquin
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017