402 Merlot Drive
About This Property
Inside, you'll find an open-concept layout with high ceilings and exceptional design elements throughout. The kitchen boasts elegant granite countertops, oversized upper cabinets, and ample workspace-ideal for both everyday living and entertaining.
Step outside to enjoy a large backyard with an extended covered patio, perfect for gatherings or relaxing evenings.
Highlights:
One-story layout with spacious flow
Granite kitchen countertops & oversized cabinetry
High ceilings & quality finishes throughout
Extended rear covered patio
No back neighbors!
Close to medical centers, dining, and shopping. A real show peace!!
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by CastleRock Realty, LLC | $354,424 | |
| Listed by CastleRock Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017