16 First 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 |
|---|---|---|---|
| Jul 15, 2005 | Sold | ||
| Sold | |||
| May 24, 2005 | Listed by Sunrise Premier Properties | $199,900 | |
| Listed by Sunrise Premier Properties | |||
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Waterviews of the Weweantic River make this 1/3 acre parcel a cozy place to build your home. This lovely piece of property is located off Route 6 in a quiet neighborhood. Boat launching access, beach access and new town water and town sewer recently placed in the Weweantic area. Hook up to be buyers responsibility along with acquiring the betterment. The Weweantic River flows into the Cape Cod Canal with Marion to your right, Falmouth straight across and Buzzards Bay to your left.
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Address: 335 Madison Avenue, New York, NY 10017