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4826 Merlot Drive
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by Blue Marlin Real Estate | $635,000 | |
| Listed by Blue Marlin Real Estate | |||
| | |||
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72 Hour Kickout. Welcome to the gated community of Sonoma, complete with resident only playground, tennis courts, basketball court, and community pier. Amazing location close to Viera, tastefully updated, and completely move in ready. This home offers 4-generous bedrooms, 3 full-bathrooms including a pool bath, formal dining room, spacious kitchen, and a large master en-suite with his/her closets and vanities plus office/flex space with its own door to the fully trussed back porch and pool deck. Beautiful kitchen with solid wood cabinets, granite countertops, newer stainless appliances, tall ceilings throughout, upgraded 5.25'' baseboards, and engineered hardwood or tile flooring in every room. Outside where you spend your evenings, the pool offers a saltwater system with 2023 electric heater and variable speed pump, spillover waterfall spa, outdoor shower, recently re-screened enclosure, and no shortage of space for entertaining. 2019 Roof, 2018 AC, 2017 Water Heater, hurricane shutte
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| May 22, 2025 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| May 10, 2025 | Price Decreased |
$675,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Property Highlights
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About Sonoma at Viera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017