16 22nd 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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Oct 13, 2024 | Listed by Coldwell Banker American Homes | $24,990 | |
| Listed by Coldwell Banker American Homes | |||
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North Shore country beach cottage living, 25 minutes from the Hamptons! Adorable seasonal cottage. If you ever wanted to "Glamp," here is your opportunity. This is a Seasonal Community, open April 15th-October 15th. Relax in the Country with all the benefits of coastal living. Bring your jet ski and kayaks, ownership comes with beach rights at Wading River Beach. Enjoy naps on your deck, friendly neighbors; many have been there for decades with their family, and nightly barbecues after a fun day at the beach. Or simply relax the day away in nature. The cottage is adjacent to a beautiful farm, there are lots of cooling trees and a relaxing country feel with beach proximity that is unparalleled at asking price. The house has an eat-in kitchen and two bedrooms, two entrances and deck. It is a fixer and price reflects such. Electric is in working order, plumbing repairs need to be completed. Bring your tools and make this welcoming country cottage yours. The purchase comes with a storage shed and all items inside and in shed as well as outdoor furniture and barbecues are sold with the house. No work will be done prior to selling and is an AS-IS purchase. You are buying the cottage, but land is leased in three split payments at $5200 total per year (this year paid in full). No renting, neither short or long term is allowed. Previous owner used as storage in winter months as an added convenience and value. As you do not own land, you are only purchasing the cottage, there is no title search or contract period. Seller is extremely motivated.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017