16 Algonquin Trail #16
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 |
|---|---|---|---|
| May 28, 2021 | Sold | ||
| Sold | |||
| Apr 14, 2021 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $439,500 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| | |||
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Did you miss out on the last few units in this terrific complex? Come check out this beautiful open floorplan offering a large and airy eat-in kitchen with breakfast bar, brand new stainless appliances (installing Fri), and tons of additional storage including a wonderful serving bar. Open, sunny, very clean, and light, this home has been lovingly taken care of. Sit out on the private deck and relax on those lovely spring and summer nights or stay nice and toasty by your two gas fireplaces in the cooler weather. Two huge oversized cathedral bedrooms both with en-suites. What does require mention is that the seller had the master bathroom complete with jacuzzi tub, fireplace, and shower professionally closed off to the master bedroom for additional privacy. Additional finished office and workout space in the basement has been added for the convenience of working out or working from home. Come and enjoy easy commutes and access to the T! Open House Sat 4/17 11-1 p.m. or Sun 4/18 12-
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| Aug 29, 2016 | Sold | ||
| Sold | |||
| Jul 13, 2016 | Listed by BA Property & Lifestyle Advisors | $329,900 | |
| Listed by BA Property & Lifestyle Advisors | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/14/2021
|
2 Bed
|
3 Bath
|
1850 ft²
|
$439,500
2 Bed
3 Bath
1850 ft²
|
$490,000
+11.49%
05/28/2021
|
David Divecchia
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
07/13/2016
|
2 Bed
|
3 Bath
|
1850 ft²
|
$329,900
2 Bed
3 Bath
1850 ft²
|
$333,000
+0.94%
08/29/2016
|
Matthew Gamache
Touchstone Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017