45 Merry Lane
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 1, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed by Sweet Key Realty Group Inc | $1,680,000 | |
| Listed by Sweet Key Realty Group Inc | |||
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Welcome to this magnificent split-level residence, ideally situated mid-block in the highly sought-after East Birchwood neighborhood of Jericho. This expansive home spans six levels and offers 3,207 sq ft of beautifully designed living space on a 10,000 sq ft lot. Bathed in natural sunlight, the home features a warm and inviting open layout with 4 bedrooms and 3.5 bathrooms. Upon entering, you're welcomed by a grand double-height entry that flows effortlessly into the spacious open-concept living and dining areas. A cozy family room with a fireplace creates the perfect setting for gatherings and relaxation. The gourmet kitchen is outfitted with elegant marble countertops, a cozy breakfast nook, and direct access to the backyard's saltwater swimming pool. The second level includes three well-sized bedrooms, 1 walk-in closet and a beautifully tiled full bathroom. On the third level, you’ll find a luxurious primary suite complete with 2 walk-in closets and a spa-like en-suite bathroom. The fourth level features a generously sized office. On the walk-in level, enjoy the convenience of a two-car garage, an additional office or fifth bedroom, and a full bathroom— ideal for anyone who needs a ground floor bedroom. A finished basement provides excellent space for recreation and storage. Step outside to a beautifully landscaped backyard with a custom paver patio, perfect for entertaining. Additional updates include a saltwater pool, newer furnace, and a hot water tank. Located in the top-rated Jericho School District, this home is walking & short distances to Schools, the public library, shopping centers, parks, public transportation, and major highways. This home offers absolutely exceptional convenience and lifestyle in one of the most desirable communities.
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| Aug 9, 2013 | Sold | ||
| Sold | |||
| May 20, 2013 | Listed by Century Homes Realty Group LLC | $1,149,000 | |
| Listed by Century Homes Realty Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017