547 Myrtle Avenue
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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| Jul 23, 2023 | No longer available | - | |
| No longer available | |||
| Jul 21, 2023 | Listed by L.W. Reedy Real Estate | $1,450,000 | |
| Listed by L.W. Reedy Real Estate | |||
| May 1, 2023 | Listed by LW Reedy Real estate | $1,450,000 | |
| Listed by LW Reedy Real estate | |||
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Construction has begun!!!!!!!!!! Construction by well-established builder in highly desirable part of Elmhurst surrounded by newer construction. Blocks away from Beautiful Berens Park, award winning school district 205 schools, center of town and train station. This home offers a 3 car garage on an estate sized lot. This home is impeccable! Hardwood floors, beautiful coffered ceilings, detailed millwork and wainscotting makes this home unique. A gorgeous gourmet kitchen with high end appliances, a walk-in pantry, a butler's pantry and a generously sized island with seating makes this kitchen incredible. A patio door off the kitchen leads out to a sprawling back yard with a patio. An extensive mud room that offers plenty of storage cubbies adjacent to garage. The family room with a fireplace makes this room a perfect spot for unwinding. A separate dining room and formal living room that can be converted to an in-home office area to suit your needs. The master bedroom with hardwood floors, a spacious beautiful spa bathroom and walk in his and her closets will not disappoint. Additional 3 spacious bedrooms on upper level. Bedroom 2 is ensuite and bedrooms 3 and 4 share a Jack and Jill bath. The full finished basement offers a large rec room with storage area, an additional bedroom/home office, full bath, and a wet bar that friends and family will enjoy. Still time to add your touches by choosing cabinets, appliances, lighting, tiles, color palette and more. Other locations available. The manager has listed the unit size as 3464 square feet.
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About Elmhurst
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017