16 Cherry Tree Lane #28
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 |
|---|---|---|---|
| Mar 23, 2018 | Sold | ||
| Sold | |||
| Nov 27, 2017 | Listed by William Raveis R.E. & Home Services | $579,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Enjoy the privacy of the Lynn Woods, a 2700 acre city forest, from your private custom stone patio and yard. This over 55 community boasts all the amenities of your own single family home without the worries of snow removal and landscaping which is included in the HOA fee. First floor features an open concept granite kitchen with maple cabinetry and hardwood flooring throughout, a living room with gas fireplace, half bath, master suite with master bath and laundry. Second floor features a large family room with private deck overlooking the woods, an oversized en suite bedroom with dream closet and a bonus room for your office or gym. Full basement. Two heating and cooling systems for efficiency and economy, and a two car garage. The Village at Nells Pond is a community of thirty free standing homes that are maintained by the homeowners. The grounds are maintained by the homeowner managed association.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017