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Merrick 11566 Merrick
309 Lincoln Boulevard
$720,000
● House - Off Market

309 Lincoln Boulevard

Merrick, NY 11566
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$777,076
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Extended Gables Colonial with larger EIK and larger Den and wider garage.  Bi-level large Deck accessed through sliders from either kitchen or den, parquet floors, Anderson windows, new gas heating system, hi hats, cathedral ceiling in Living room with wood burning fireplace and original stained glass windows, finished basement with partial french drain and sump pump, garage enters basement, UGS, low taxes $10779.63 after STAR. X flood zone, no insurance required.
Unit Size
-
Days on Market
92 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$942
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (OneKey MLS #ONE3306317)

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold
Premium
Sold
May 12, 2021 In contract -
In contract
May 3, 2021 Listed by Douglas Elliman Real Estate $679,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • First Altered Year: 2007
  • Building Count: 3
  • Floor Count: 5
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 316,430
  • Lot Size Depth Feet: 736
  • Lot Size Frontage Feet: 709
  • Building Depth: 198
  • Building Frontage: 260
  • Gross Building Area: 257,400

    Building Floor Area

  • Commercial Building Floor Area: 257,400
  • Office Building Floor Area: 257,400

    Floor Area Ratio

  • Built Floor Area Ratio: 1
  • Residential Floor Area Ratio: 10
  • Commercial Floor Area Ratio: 10
  • Facilities Floor Area Ratio: 10

Building

  • Building Type: P1
  • Lot Type: 3
  • Land Use: 05
  • Irregular Lot Code: Y
  • Extension Code: N

Neighborhood

  • Community District: 107
  • City Council District: 6
  • Police Precinct: 20
  • Fire Company: L035
  • Health Area: 4000
  • Sanitation District Borough: 1
  • Sanitation Subsection: 1A
  • School District: 03

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: C4-7
  • Special Purpose District 1: L

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 1134
  • Lot: 1
  • Borough Block Lot: 1011340001

    Address

  • Full Address: 60 Columbus Avenue
  • Zip Code: 10023

Valuation

    Assessments Valuation

  • Assessed Total Value: $276,484,950
  • Assessed Land Value: $168,713,550

    Exemptions

  • Exempt Total Value: $276,484,950
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Merrick

Stats & Trends

Median Asking:

$954,000

Sale Price/ft²

$494

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2187 ft²

Average Home Age

66 years

Currently For Sale

40 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 318 Linden Street, Bellmore, NY, 11710

$3,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,600 ft²
318 Linden Street, Bellmore, NY, 11710 Listing by Sandra S. Satzinger
Unit for rent at 22 Ridgewood Drive, Wantagh, NY, 11793

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,307 ft²
22 Ridgewood Drive, Wantagh, NY, 11793 Listing by Nikoletta Markou

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 309 Lincoln Boulevard built and last sold?
The property at 309 Lincoln Boulevard was built in 1964 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 309 Lincoln Boulevard is $0.
What are some comparable homes to 309 Lincoln Boulevard?
There are currently no comparable homes to 309 Lincoln Boulevard.
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