16 Backriver Road #C16
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 |
|---|---|---|---|
| Aug 21, 2013 | Sold | ||
| Sold | |||
| Oct 21, 2011 | Listed by The Hastings Companies | $1,025,000 | |
| Listed by The Hastings Companies | |||
| | |||
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One of a kind home awaits your custom touches. Enjoy views of the Boston Skyline and the Back River from the only Roof Deck in the entire neighborhood. Spacious 1st floor master suite that overlooks a private yard and small pond. Large living room with a fireplace that opens up to a beautiful private back deck. 2 car garage, mud room, Oversized eat in Kitchen and Garden Level walkout that opens up to a secluded yard.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/19/2014
|
4 Bed
|
3 Bath
|
3600 ft²
|
$1,249,000
4 Bed
3 Bath
3600 ft²
|
$1,200,000
-3.92%
02/27/2015
|
Maureen Doran
Coldwell Banker Realty - Hingham
| |
|
10/21/2011
|
3 Bed
|
3 Bath
|
2200 ft²
|
$1,025,000
3 Bed
3 Bath
2200 ft²
|
$1,097,250
+7.05%
08/21/2013
|
Thomas Hastings
The Hastings Companies
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017