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63 Lewis Road
About This Property
The heart of the home is a beautifully renovated kitchen, complete with quartz countertops, custom soft close cabinetry, new appliances and recessed lighting. The home also boasts a full basement with mother/daughter potential (with proper permits), two cozy wood burning fireplaces and gleaming hardwood floors throughout.
Meticulously maintained and upgraded, this property features significant recent improvements, including a new roof and gutters (2025), brand new insulation throughout, a new water heater and upgraded electric. Additional highlights include Andersen windows, a gas conversion (2025), an in ground five zone sprinkler system and a spacious two car detached garage.
Ideally located for commuters, you are just moments away from the LIRR, Sunrise Highway and the expressway for an easy commute. You'll also enjoy the convenience of being less than a 10 minute drive from Trader Joe's and Whole Foods and only 5 minutes from local theater and arts. This will not last!
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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 |
|---|---|---|---|
| Jul 31, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by Signature Premier Properties | $789,999 | |
| Listed by Signature Premier Properties | |||
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About North Merrick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017