16 Driver Ln #363
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 |
|---|---|---|---|
| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | In contract | - | |
| In contract | |||
| Mar 25, 2023 | Listed by Kinlin Grover Compass | $519,000 | |
| Listed by Kinlin Grover Compass | |||
| Oct 27, 2009 | Listed | $360,000 | |
| Listed | |||
| | |||
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This Nantucket style condo in the community of Southport offers many upgrades. The dining room has a lovely arch that open to the kitchen allowing for an open, airy feeling. The kitchen has all upgraded appliances and a tile floor. The living room has a gas fireplace w/marble surround and mantle. The deck opens onto a wooded backyard. The second floor offers a large guest suite, home office or studio with skylight, and a loft area perfect for a den. Lots of space! Easy to show.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2023
|
2 Bed
|
3 Bath
|
1800 ft²
|
$530,000
2 Bed
3 Bath
1800 ft²
|
$530,000
06/16/2023
|
Monique Ward
Kinlin Grover Compass
| |
|
03/24/2023
| |
2 Bed
|
2.5 Bath
|
1800 ft²
|
$530,000
2 Bed
2.5 Bath
1800 ft²
|
$530,000
06/16/2023
|
Carli Taylor
Kinlin Grover Real Estate
|
|
10/27/2009
|
2 Bed
|
2 Bath
|
1800 ft²
|
$360,000
2 Bed
2 Bath
1800 ft²
|
-
-
|
Donna Marcou
Donna Marcou at Southport
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017