4359 Merrill Avenue
About This Property
Upon entering, you'll be greeted by the beautiful original hardwood floors that flow throughout the home. Large, brand-new Milgard windows allow natural light to flood the space, creating a warm and inviting atmosphere. The open-concept kitchen seamlessly flows into the family room, creating the perfect space for both family time and entertaining guests. The primary bedroom is a peaceful retreat, bathed in natural light and offering a relaxing sanctuary at the end of the day. Two generously sized guest rooms provide plenty of space for family or visitors. Both bathrooms have been tastefully remodeled and updated.
The backyard is a true oasis, featuring mature landscaping that ensures privacy and tranquility. A large wooden deck with a built-in spa is perfect for outdoor living and entertaining.
As an added bonus, the detached garage has been expertly converted and completely remodeled into a 300 square foot, 1 bedroom/1bathroom permitted ADU. Whether you're looking for an office, guest house, or rental income potential, this versatile space adds even more value to the property.
Located in the coveted Palm Heights Colony District, this home offers the perfect blend of historic charm, modern upgrades, and exceptional outdoor living. Don't miss the opportunity to own a piece of history with all the conveniences of today. Schedule a private tour today!
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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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| May 16, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Listed by Tower Agency | $765,000 | |
| Listed by Tower Agency | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017