8 Mercer 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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Price Decreased |
$1,175,000
↓ $75K
(6%) | |
| Price Decreased | |||
| Jun 19, 2025 | Price Decreased |
$1,250,000
↓ $45K
(3.5%) | |
| Price Decreased | |||
| Jun 4, 2025 | Listed by ERA Key Realty Services | $1,295,000 | |
| Listed by ERA Key Realty Services | |||
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Welcome to your dream home—where comfort, elegance, and privacy meet in one of the area's most sought-after neighborhoods. 2.41 acres, 3 car garage. 3.5 baths, 4 bedrooms. Beautifully landscaped acres, this custom-built home offers a seamless blend of sophistication and functionality. Inside, enjoy an open, updated layout with a Chef’s kitchen, premium appliances, and a cozy stone fireplace. The sunlit cathedral dining area flows into spacious gathering rooms. The first-floor primary suite features a luxurious bathroom and custom walk-in closet. A private study adds flexibility, while upstairs offers three bedrooms, including a guest suite and gathering room.The finished lower level includes a media room, game/work out room, bar, and wine room. Outside, relax on the expansive deck and wood oven. Loads of storage space and large work room, along with high end buderus burner, even gladiator hoop with lines.
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Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017