16 Drovers Lane
About This Property
The primary bedroom stands like a true sanctuary, boasting an ensuite bath with heated floors and a double shower. Immerse yourself in a space that radiates opulence and comfort. this home invites you through a grand foyer into an open floor plan seamlessly merging the living, dining, and kitchen areas. Natural light floods the space, creating an inviting ambiance throughout.
The kitchen serves as the heart of the home, a culinary masterpiece adorned with granite countertops and equipped with sleek black stainless-steel appliances. The breakfast nook serves both functional and entertainment purposes, offering a central point for gatherings.
Delight in the distinctive features that set this home apart - hardwood floors infusing warmth and character, recessed lighting casting an elegant glow, and granite countertops combining style with durability. Embrace modern living with heat pumps in every room, ensuring personalized climate control and energy efficiency which you can regulate some lights, temperatures and garage doors from your phone through Wi-Fi. For added convenience, the lower-level bath is wheelchair accessible, and a 2-car attached garage completes this exceptional residence. Nestled on a serene cul-de-sac and occupying a generous 1.12-acre lot. Approximately seven minutes from the Metro-North Harlem line and convenient to Route 22. Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 2, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| Jan 25, 2024 | Price Increased |
$515,000
↑ $16K
(3.2%) | |
| Price Increased | |||
| Nov 11, 2023 | Listed by Keller Williams Realty Partner | $499,000 | |
| Listed by Keller Williams Realty Partner | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017