16 Colony Road
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 |
|---|---|---|---|
| Oct 8, 2018 | Sold | ||
| Sold | |||
| Sep 14, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $575,000 | |
| Listed | |||
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Amazing opportunity knocks. Enjoy the life style in this uniquely located special little nook called Surf Cottages. Your private hoa has a low annual fee and gives you beach badges as well. Lots of parking in the front. This home has been freshly painted, has new carpet and was custom built. The side yard has a deck leading to a large deck in the back for those bbq's. Easy access to the grill from the dining area. It is fresh and clean with gleaming hardwood flooring, white kitchen cabinets, tile, incredible granite, great dining area with fantastic skylights and sliders leading to the deck. To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. The manager has listed the unit size as 1424 square feet.
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| Mar 2, 2018 | Listed by Crossroads Realty Executive Office | $575,000 | |
| Listed by Crossroads Realty Executive Office | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017