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6613 Merry Lane
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 |
|---|---|---|---|
| Oct 22, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by Framework Properties | $619,900 | |
| Listed by Framework Properties | |||
| Sep 22, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2022 | Listed by Martha Turner Sotheby's International Realty | $169,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Calling all Builders, Investors & People looking to build their Dream Home! Rare opportunity indeed! NEVER EVER FLOODED! This 50’x110’ rectangular shaped lot has recently been subdivided by Seller from the original plat. It’s already vacant & boasts mature trees of Oak, Magnolias, Crepe Myrtles & more, plus a lush green lawn – an ideal spot to design & build! Idylwood neighborhood is a coveted hidden jewel, that you MUST SEE TO BELIEVE! Bordered by: I-45, the 72 acre Historic Villa de Matel Convent, Gus Wortham Golf Course (original site of Houston Country Club) & scenic Spurlock Park & Brays Bayou Greenway you will marvel at this quiet rolling hill neighborhood with towering trees, manicured lawns & attractive mix of authentic cottage style & recent construction Homes! Come see the immediate proximity to Downtown, the Medical Center and the booming East End Revitalized! WOW!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017