31
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321 Merrell Drive
About This Property
The two-story layout features generous room sizes throughout, along with recent updates that enhance the home's comfort and appeal. The large living area serves as the heart of the home, while the additional office and bonus room provide endless possibilities for customization.
Outside, enjoy a fenced backyard perfect for pets, play, or relaxing evenings, as well as the convenience of a two-car garage. Located in a quiet, established neighborhood, this home offers easy access to schools, shopping, dining, and everyday conveniences, including Walmart just minutes away.
If you've been searching for space, flexibility, and value, this home delivers all three.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Price Decreased |
$340,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed by Freedom Realty | $350,000 | |
| Listed by Freedom Realty | |||
| Apr 13, 2019 | No longer available | - | |
| No longer available | |||
| Feb 22, 2019 | Price Decreased |
$188,000
↓ $8K
(3.8%) | |
| Price Decreased | |||
| Feb 10, 2019 | Price Decreased |
$195,500
↓ $500
(0.3%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017