5 Merkel Ter
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%.
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 |
|---|---|---|---|
| Apr 10, 2020 | Sold | ||
| Sold | |||
| Mar 26, 2010 | Sold | ||
| Sold | |||
| Feb 9, 2010 | Listed | $174,800 | |
| Listed | |||
| Oct 1, 2009 | Sold | ||
| Sold | |||
| Mar 9, 2009 | Listed by Coldwell Banker Realty - Longmeadow | $80,900 | |
| Listed by Coldwell Banker Realty - Longmeadow | |||
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HUGE price change. Great Opportunity. A real gem in the ruff. Has lots of potential inside and out. Located on dead end street near major intersections and highways. Perfect for opportunity to own less than renting. All offers must have pre approval from Bank of America prior to submitting offer. Free credit and appraisal report when finaced through Bank of America.
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Address: 335 Madison Avenue, New York, NY 10017