4350 MERCHANT AVENUE
About This Property
Hardwood flooring runs throughout the main living areas, with carpet in one bedroom for added comfort. Major systems have been recently improved, including a newer roof and air conditioning systems, both replaced within the last 3 years, as well as a new water heater.
The outdoor living space is a standout feature, offering a covered lanai that spans the full length of the rear of the home and extends approximately 12 feet. Beyond the lanai is an enclosed in-ground pool surrounded by a screened birdcage, allowing for year-round enjoyment while maintaining a bug-free environment. The pool area opens to a fully fenced backyard, providing privacy and usability.
Additional highlights include an attached two-car garage and a finished yard ready for enjoyment. An appraisal was completed in July 2024 at $330,000. Property is being sold as-is.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 20, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Price Decreased |
$275,000
↓ $15K
(5.2%) | |
| Price Decreased | |||
| Feb 17, 2026 | Price Decreased |
$290,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Jan 29, 2026 | Listed by JOSEPH WALTER REALTY LLC | $295,000 | |
| Listed by JOSEPH WALTER REALTY LLC | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Spring Hill
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,650 /mo
- 2 Beds
- 1 Bath
- 1,000 ft²
$1,499 /mo
- 2 Beds
- 1 Bath
- 848 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017