16 Arrowhead Way
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 30, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Listed by Keller Williams Realty Freehold | $875,000 | |
| Listed by Keller Williams Realty Freehold | |||
| | |||
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Welcome to your dream home with 4 beds and 2.5 baths in Millstone's prestigious Indian Point neighborhood— offering the perfect blend of indoor comfort and outdoor enjoyment on nearly an acre of landscaped serenity. As you walk up to the front door, you are greeted with a cozy and private alcove. Enter to this stunning, move-in-ready Colonial which boasts dramatic spaces and thoughtful upgrades throughout, beginning with a bright two-story foyer that flows into a soaring cathedral-ceiling living room and a spacious dining area ideal for hosting. The updated kitchen showcases granite countertops, a stylish tiled backsplash, and abundant cabinetry, and opens directly to the sunken family room for effortless entertaining. An elegant bonus room above the garage, complete with a cozy gas fire place, expands the layout to nearly 2,400 sq ft of comfort and flexibility, while the fully finished walk-out basement adds over 600 more sq ft, which features ceramic tile, a built-in bar, and generous space perfect for your media, game, or lounge dreams. Step out from the kitchen onto a spacious deck with a gas hookup for grilling and panoramic sunset views, or take the lower-level walkout to a breathtaking backyard escape, where a firepit, spacious paver patio, indulgent 7-person hot tub, and heated above-ground pool create a personal oasis for year-round fun and relaxation. Solar panels are fully paid off and income-generating, giving you both peace of mind and extra money in your pocket. All this, located in a quiet, sidewalk-lined community just minutes from shopping and everyday essentialsIndian Point truly offers the best of tranquility and convenience.
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| Jun 15, 2015 | Sold | ||
| Sold | |||
| Mar 4, 2015 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville | $459,900 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Perrineville | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017