16 ACADEMY Street
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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%.
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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 1, 2023 | Sold | ||
| Sold | |||
| Nov 16, 2022 | Listed by CB VILLAGE GREEN REALTY RH | $265,000 | |
| Listed by CB VILLAGE GREEN REALTY RH | |||
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At one time, Pine Plains had 18 trains going in and out of the town daily. What remains is living history as seen within the walls of 16 Academy Street. Once a coal house for the now defunct Factory Street Station, 16 Academy Street now lives on as a cozy quintessential country home. One can't help but gawk at the semi-wraparound covered porch with Trex decking. A one car detached garage is set back and perfect for storing your garden equipment. Inside, the spacious living room features exposed beams further lending to the rustic feel. The large eat-in kitchen is an ideal space for the home chef. A full bath and mud room leading to the large fenced-in yard complete this story. Head upstairs and find 3 bedrooms, including the primary with a large walk-in closet. There is potential for future expansion on this level! Perfectly situated just a short distance to all this popular Hamlet has to offer including the Stissing House, Evergreen Cemetery, Graham Brush House and Thompson Pond Preserve. For commuters, you are conveniently located close to Routes 199, 82 and the Taconic State Parkway and just under 2.5 hours to NYC.,ROOF:Asphalt Shingles,FLOORING:Vinyl,Laminate,InteriorFeatures:Electric Dryer Connection,Gas Stove Connection,Walk-In Closets,Washer Connection,FOUNDATION:Stone,Basement:Interior Access,EQUIPMENT:Carbon Monoxide Detector,Smoke Detectors,AboveGrade:1338
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About Pine Plains
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017