16 Citation Drive
About This Property
Toward the back of the home, the heart of the residence awaits: a beautifully updated open-concept kitchen and great room, both enhanced by vaulted ceilings that create an inviting sense of space. The brand-new custom cabinetry is paired with luxurious quartz countertops and a stylish subway tile backsplash, perfectly complementing the new stainless steel appliances, including a sleek stove, microwave oven, and dishwasher-offering both beauty and functionality.
The main level also offers a convenient powder room and laundry area, making daily routines effortless. Upstairs, the primary suite is a true retreat, featuring two walk-in closets and an en-suite bathroom with dual sinks, a soaking tub, a separate shower stall, and a skylight, filling the space with natural light. Two additional generously sized bedrooms, a modern hall bathroom, and a versatile loft area complete the upper level, offering ample space for relaxation, work, or play. Beyond the home itself, enjoy Colts Pride's sought-after amenities, including a pool, tennis and basketball courts all nestled in a prime location that balances tranquility with convenience. This is more than a home; it's an exceptional lifestyle waiting to be embraced!
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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 |
|---|---|---|---|
| Jun 11, 2025 | Sold | ||
| Sold | |||
| May 17, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Keller Williams Realty West Monmouth | $684,880 | |
| Listed by Keller Williams Realty West Monmouth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017