16 Cromwell Drive
About This Property
Inside, the layout is comfortable and practical, with hardwood floors adding warmth and character-and additional hardwood tucked beneath the bedroom carpeting. The living room fireplace creates a cozy place to unwind, while the downstairs flex space works well as a home office, guest room, or bonus space.
Outside, enjoy a spacious yard with plenty of room to relax, play, garden, or gather on the newer deck. A two-car garage adds everyday convenience and extra storage. Located in the Arlington School District, this well-cared-for home brings together character, useful space, and major updates already checked off the list.
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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 |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by Compass Greater NY, LLC | $435,000 | |
| Listed by Compass Greater NY, LLC | |||
| Oct 30, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017