876 Madison 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 6, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Jun 27, 2024 | Listed by Realty Pros Plus Inc | $675,000 | |
| Listed by Realty Pros Plus Inc | |||
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Your new home awaits you on a quiet tree lined street in North Merrick. Great Flex Space & Layout with Merrick Bellmore Schools. Spacious, 3 BR, 2 Bath Hi-Ranch with lots of space for home office or extended family. 2nd floor features open-concept with large formal dining room and living room with beautiful fireplace. House makes a great mother/daughter set up with proper permits. Gas cooking & Gas heat! New enormous, fully enclosed 3 season room with 2 sets of patio doors overlooking a large private yard with shed. Perfect for enjoying the outdoors.
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About North Merrick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017