3142 Monterey Drive
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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jun 22, 2025 | Listed by Douglas Elliman Real Estate | $985,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Presenting the Imperial Gardens Hi Ranch; A true wideliner with extended main level den,trex deck,sweeping yard and all big rooms!This fabulous model lets in plenty of natural light and affords all the comforts you are looking for in an updated home!Hardwood and Luxury vinyl flooring,lots of extra custom closets,composite deck,new roof,Tesla charger,crown moldings,custom shades,updated hw heater,ag oil tank w/gas on the street,nest,pristine plantings and great curb appeal.Premier location mid block ready to call home!Near parks, MECA pool club,golf course and all the shopping and restaurants Merrick is famour for...make this your dream come true.
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| Apr 30, 2013 | Sold | ||
| Sold | |||
| Apr 10, 2012 | Listed by Douglas Elliman Real Estate | $519,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017