7 Merrifield Place
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 |
|---|---|---|---|
| Nov 24, 2025 | Price Decreased |
$289,000
↓ $11K
(3.7%) | |
| Price Decreased | |||
| Oct 28, 2025 | Price Decreased |
$300,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Oct 12, 2025 | Listed | $310,000 | |
| Listed | |||
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Move right into this wonderful ranch! Hardwood floors throughout, updated mechanicals, open floor plan and wonderful yard. Quiet neighborhood on a corner lot with plenty of yard space and room to expand with an addition if desired. Walking distance to Albany County Rail Trail and Four Corners. This ''Green home'' is energy conscious with solar panels and 2 ductless mini splits for targeted zone heating and air conditioning. Gleaming hardwood floors w/open concept living room and kitchen. Full basement for extra storage and one car attached garage. Mud room/entry porch for coats and shoes. Showings start Tuesday 10/14 at 8am.
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| Jul 8, 2021 | Sold | ||
| Sold | |||
| May 19, 2021 | Listed by KW Platform | $175,000 | |
| Listed by KW Platform | |||
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Showings begin Friday 5/21. Open House Sunday 5/23, 12-2pm. One of the MOST affordable homes in Delmar! This 2 bedroom ranch sits on a corner lot with plenty of yard space. There's room to expand with an addition if desired. Fantastic quiet dead-end neighborhood off Hudson Ave. Walking distance to Albany County Rail Trail and Four Corners. This 'green' home is earth & energy conscious, having solar panels to reduce electrical usage, and 2 ductless mini-splits for targeted, zoned heating & AC. Enjoy 1 story living with your glistening freshly refinished hardwood floors. Open layout kitchen with breakfast bar and nook! Full basement for extra storage, could be a workshop! Whole house gutters. Attached garage. Porch for coats & shoes. DON'T WAIT, THIS WON'T LAST. Very Good Condition
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017