16 Converse
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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 2, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by RE/MAX On the Charles | $715,000 | |
| Listed by RE/MAX On the Charles | |||
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Opportunity Knocks: This charming four-bedroom Colonial sits on a quiet, tree-lined dead-end street. The enclosed front porch features new exterior doors. The first floor offers a flexible layout with living and dining rooms, a kitchen, plus two versatile rooms perfect for bedrooms, an office, or family room—endless options—and a half bath. Kitchen has newer appliances. Upstairs, you’ll find three bright, cross-ventilated bedrooms, a full bath, and pull-down stairs to attic storage. All windows have been replaced. Washer and dryer (under a year old) stay. Hardwood floors lie beneath the bedroom carpets. Basement includes two cedar closets and walk-out access to the yard. Needs some TLC, reflected in the price.
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| Nov 21, 2022 | Sold | ||
| Sold | |||
| Aug 1, 2022 | Listed by Unlimited Sotheby's International Realty | $650,000 | |
| Listed by Unlimited Sotheby's International Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017