718 Merrimac Way
About This Property
Spacious 5 bedroom, 2.5 bath home on huge 120 X 167 lot with inground heated saltwater pool. Open floor plan kitchen flows into dining room and living room. Sliders to deck. Owned solar (not leased).
Three spacious bedrooms and 1.5 full baths on upper level.
Ground level has two large bedrooms, one currenty used as playroom. Full bath. Laundry room. And two car garage.
Sliders to backyard oasis. Great neighborhood off Thiel Road with curbs and sidewalks.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Diane Turton, Realtors-Point Pleasant Boro | $599,000 | |
| Listed by Diane Turton, Realtors-Point Pleasant Boro | |||
| Oct 13, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $379,900 | |
| Listed | |||
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LOCATION, LOCATION, LOCATION! Your new home is waiting - just unpack your belongings. This 5 large bedrooms, 2 1/2 baths, home features a large updated kitchen with granite counter tops, hardwood floors on the 2nd floor, a nice size dining room, formal living room, deck off the kitchen, family room with fireplace, and a built in pool. All waiting for your family. CLOSE TO GSP, RTS 195, 34, 18 AND 138. MINUTES TO BEACHES AND BOARDWALKS. Check out this one today! The manager has listed the unit size as 2256 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017