116 Sixth Avenue
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 |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Christie's Int. Real Estate | $875,000 | |
| Listed by Christie's Int. Real Estate | |||
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Fairy tales & unicorns ARE real, and wishes DO come true! We have PROOF! Welcome to the house of splendid surprises where every step brings a new discovery of cool spaces! Pinch yourselves and head over (no need to drive...more on that later!) to this 4 bedroom (lives like 5!) at 116 6th Avenue which is arguably the most charming piece of architecture and design you will likely see anywhere! Take the train and walk 2 blocks to the "secret" stairway up to this amazing English Cottage on a private cul-de-sac (or you can always drive!). Arrive on the enchantingly inviting stone patio (can you spot the original hitching post?) & step inside where you will smile into the large living room with it's cathedral ceiling, period chandelier, Inglenook fireplace with it's masterful brick surround & hearth and original mill work. The windows will wow, and the serenade loft doors way up above the fireplace will delight. Pop in to the eat-in kitchen which awaits your vision, your sour dough starters & gingerbread dreams. A mudroom highlights some of the magic sprinkled throughout this home. Main level bedrooms, flex rooms & a full bath adds to the convenient lifestyle. Staggered levels up or down a few stairs to more bedrooms, office or art rooms, another full bathroom, tucked away reading nook, a room to play or hang out for movie night...so many spaces! Out back there is yet another surprise! The yard (a secret garden) is lush, level and fenced...and oh so private! The al-fresco dining patio and stone fire place will spark your entertaining imagination. You can actually live an automobile free life as everything you need from train to town is incredibly near. All this plus the brand new Hutchinson Elementary School. There's no place like home... Come get your kicks at 116!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017