3199 Monterey Drive
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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 |
|---|---|---|---|
| May 7, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Feb 11, 2024 | Relisted | $1,149,999 | |
| Relisted | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Jan 26, 2024 | Listed by Douglas Elliman Real Estate | $1,149,999 | |
| Listed by Douglas Elliman Real Estate | |||
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Welcome To This Big Bold And Beautiful Custom High Ranch On Deep South Merrick Desirable Block Offering Over 4200 Sq Ft Of Living Space/ 6 Bedrooms /4 Full Baths !! This Rare Find Is Truly A One Of A Kind With Designer Touches Everywhere!! Large Living Room with Vaulted Ceilings/Formal Dining Room/New Kitchen With Huge Extended Great Room That Leads Off Kitchen And Dining Room/ New Hall Bath/ Primary Bedroom Has Full Bath And Two Walk-in Closets And Washer/Dryer Is Conveniently Tucked Away Off Primary Bedroom. Enjoy The Spacious Lower Level Den That Leads To Sundrenched Four Seasoned Room W/Sliders To A Oversized Backyard W/IG Pool For Great Entertaining And Fenced In Dog Run!! Perfect Work From Home Space!! You Will Feel Like You Have Your Own Staycation All Year Round !! There Is Plenty Of Room For Mom Or Extended Family!!!! Home Is Also Wired For Electric Car .Don't Miss Out On This Amazing Opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017