33
Map
931 Merrill Street
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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2025 | Listed by Boulevard Realty | $2,099,000 | |
| Listed by Boulevard Realty | |||
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931 Merrill is a 4 bed, 5.5 bath new construction home by The Modern Bungalow Co. Our most popular floorplan with an original new elevation featuring bay windows, 6/1 window pattern, double front doors & a full front porch give this a Prairie feel. Features include Wide entry with herringbone floors, white oak throughout, GE Monogram appliances, huge kitchen w/ peninsula, island and breakfast room (perfect for the larger family or those who entertain/host), 11 ft. ceilings down & 10 ft. up, attached "quarters" with kitchenette & full bath plus an upper flex/gameroom/secondary living common area. This opportunity is for the Buyer who wants to put a personal design stamp on their property though selections without the hassle of financing and designing a home from scratch. See public docs for plans/selections. Modern Bungalow has been in business in the Heights since 2008 and is a 100% owner-operated business. 931 Merrill will be the 7th Modern Bungalow home in the 900 block of Merrill.
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| May 13, 2025 | Sold | ||
| Sold | |||
| Apr 24, 2025 | Listed by RE/MAX Signature | $875,000 | |
| Listed by RE/MAX Signature | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017