16 Bobalink
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%.
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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.
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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 2, 2026 | Sold | ||
| Sold | |||
| Oct 6, 2025 | Listed by W Real Estate | $600,000 | |
| Listed by W Real Estate | |||
| Oct 7, 2024 | Listed | $650,000 | |
| Listed | |||
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Very Unique commercial property listing - in a beautiful setting. 10+ Acre property with current $4500/month income stream. Property has a two story home, commercial garages, manufactured home site, small home site, and a potential for a unique rental. There are two wells and 4 septic systems on the property. There are two parcels in this listing - a 7.31 acre parcel & a 2.72 acre parcel. 1) Multi-Family 2- story Home currently renting 1st floor and basement apt for $1500 per month and 2cond floor for $900 per month. Total Income Currently $2400/mo 2) Grandfathered Commercial Two Bay Garage w/hydraulic lift, power, wood stove, water, & sewer. Total Income Currently $850/mo 3) Small One Bay Garage has power, water, sewer, wood stove Total Income Currently $300/mo 4) Camper site on property power, water/sewer hookup Total Income Currently $450/mo 5) Current Mobile Home on property no rental Income -Potential Income $1400 / mo Power, Water, & sewer to the site 6) Tiny House on slab (home to be removed) Slab with power, well, & septic Total Income Currently $600/mo 7) Boat / potential income with renovations
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| Jul 30, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017