5381 SE Merion Way
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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.
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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 2, 2025 | Sold | ||
| Sold | |||
| Mar 20, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed by Nicklaus Vance | $677,000 | |
| Listed by Nicklaus Vance | |||
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Welcome to this beautifully renovated CBS-built 2 bedroom w/ an office, possible 3rd bedroom, 3 bathroom Ironwood Patio Home, offering a perfect blend of modern upgrades and timeless comfort. Step inside to an open layout featuring multiple living areas, stylish finishes, and an abundance of natural light.
The chef's kitchen boasts stainless steel appliances, sleek countertops, and ample storage, seamlessly flowing into the spacious dining and living areas—ideal for entertaining. Each bathroom has been tastefully updated, complementing the home's contemporary yet inviting aesthetic.
Outside, your private backyard oasis awaits, featuring an oversized yard, heated pool, lush landscaping, and a tranquil setting perfect for relaxation or gatherings. Mariner Sands offers 2 championship golf courses, tennis, pickleball, croquet, a world-class fitness center, resort-style pool, restaurant, and a new $35 million clubhouse that is currently being built.
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| Dec 23, 2020 | Sold | ||
| Sold | |||
| Jun 27, 2020 | Listed by Re/Max of Stuart | $335,000 | |
| Listed by Re/Max of Stuart | |||
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About Martin
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$9,900 /mo
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- 3 Baths
- 1,928 ft²
$1,500 /mo
- 1 Bed
- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017