16 Grace 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 |
|---|---|---|---|
| Aug 27, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Price Decreased |
$3,895,000
↓ $100K
(2.5%) | |
| Price Decreased | |||
| May 21, 2025 | Listed by Keller Williams Realty | $3,995,000 | |
| Listed by Keller Williams Realty | |||
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Unparalleled luxury at this meticulously crafted residence, ideally located on a lovely cul-de-sac near Newton Centre and esteemed schools. Every detail has been thoughtfully curated, showcasing fine finishes. The main level features a state-of-the-art kitchen with Thermador appliances—a seamless transition from the wet bar pantry to the magnificent dining room. Soaring 10-foot ceilings and grand windows invite light throughout the expansive open floor plan. Retreat to the primary suite with a fireplace, grand walk-in, and a serene bath. The second level offers three additional en-suite bedrooms with unique charm, a spacious laundry room, and a sitting area. The finished lower level is perfect as a play area, second family with a stunning wet bar—additional spaces for a gym, office, or future theater. The backyard oasis offers tranquility with mature trees and a pergola-covered deck.
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| May 20, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017