8507 Craig Mews
About This Property
Custom under-stair built-ins add valuable storage and functionality, while thoughtfully selected finishes create a comfortable and polished living space. With the upgrades already completed, you can enjoy the benefits of a finished home without the time, expense, and uncertainty of building from the ground up. The structural warranty provides additional peace of mind.
At final reduction, this home presents an excellent opportunity to own a thoughtfully upgraded property in Merritt Village.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$460,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$465,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jul 25, 2026 | Price Decreased |
$469,999
↓ $1
(0%) | |
| Price Decreased | |||
| May 28, 2026 | Price Decreased |
$470,000
↓ $5K
(1%) | |
| Price Decreased | |||
| May 16, 2026 | Price Decreased |
$474,900
↓ $5K
(1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017