16 Amherst Road
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 |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | Listed by Lumley Real Estate | $135,000 | |
| Listed by Lumley Real Estate | |||
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Opportunity to own one of oldest homes in Pelham, prominent location, not lived in for several years, needs extensive work: bath and kitchen need upgrading, heat and hot water boiler may need replacement, Electrical also needs upgrading. Buyer responsible for water and sewer which needs connections to utilities on street. Front gable roof is slate, and older asphalt is in the back, and painting and grounds work needed as back and side yard are overgrown. Formal front entryway into vestibule and closet. Relatively modern fireplace in family room, older fireplace in living room discontinued. The second floor has a finished bonus space for craft work or storage. Screened-in rear porch overlooks back yard. Attached one-car garage. The location is within walking distance, with new sidewalk in design stage, to the town library, police, fire services, and elementary school. Conservation areas nearby. Amherst center only 2 miles away, with colleges, restaurants and shopping nearby
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017