5518 Morgan Way
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 29, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | Listed by RE/MAX Momentum | $750,000 | |
| Listed by RE/MAX Momentum | |||
| | |||
|
Welcome home, as you step into the grand entryway, you will notice the elegant staircase that gracefully ascends to the expansive and well-appointed upper level. With three bedrooms, this residence offers abundant living space for all. Retreat to the secluded primary bedroom, a sanctuary of tranquility boasting vast dual closets and a luxurious bath-the epitome of relaxation. Those seeking a serene workspace, the formal study on the main floor provides the perfect space. The finished basement is a true highlight, featuring a bar, bathroom, and a generously sized bonus room-an ideal setting for entertaining guests. The oversized three-car garage not only accommodates vehicles but also provides a dedicated workspace for projects. You will enjoy relaxing or entertaining on the large covered patio in a beautifully landscaped backyard. This residence transcends the concept of a mere dwelling; it encapsulates a distinctive lifestyle. Rest assured, this home has been meticulously maintained and thoughtfully updated with notable extras such as a hot tub and sauna. Moore Farm offers exclusive amenities, including a private heated swimming pool with a wading pool, along with direct trail access to the lake and an extensive network of nearby trails for exploration. Seize this extraordinary opportunity to own a home that embodies both luxury and practicality.
| |||
| Nov 29, 2023 | Listed by RE/MAX Momentum | $750,000 | |
| Listed by RE/MAX Momentum | |||
| | |||
|
Welcome home, as you step into the grand entryway, you will notice the elegant staircase that gracefully ascends to the expansive and well-appointed upper level. With three bedrooms, this residence offers abundant living space for all. Retreat to the secluded primary bedroom, a sanctuary of tranquility boasting vast dual closets and a luxurious bath—the epitome of relaxation. Those seeking a serene workspace, the formal study on the main floor provides the perfect space. The finished basement is a true highlight, featuring a bar, bathroom, and a generously sized bonus room—an ideal setting for entertaining guests. The oversized three-car garage not only accommodates vehicles but also provides a dedicated workspace for projects. You will enjoy relaxing or entertaining on the large covered patio in a beautifully landscaped backyard. This residence transcends the concept of a mere dwelling; it encapsulates a distinctive lifestyle. Rest assured, this home has been meticulously maintained and thoughtfully updated with notable extras such as a hot tub and sauna. Moore Farm offers exclusive amenities, including a private heated swimming pool with a wading pool, along with direct trail access to the lake and an extensive network of nearby trails for exploration. Seize this extraordinary opportunity to own a home that embodies both luxury and practicality.
| |||
| Jul 6, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017