16 Gray Street
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 |
|---|---|---|---|
| Oct 1, 2018 | Sold | ||
| Sold | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $300,000 | |
| Listed | |||
| | |||
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Great house and a wonderful location. Relax on the covered porch while you enjoy the view of Onset Bay. Walk to the village, walk to the association beach. Renovated Cape with an open lower level with full bath and laundry room. Upstairs are 3 ample bedrooms. Potentially dormer the second floor and add more space and a bathroom. Updated kitchen. Double lot provides a large, fenced backyard, complete with pirate ship! House is loaded with charm, and ready for you. The manager has listed the unit size as 1211 square feet.
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| Mar 29, 2018 | Listed by Kinlin Grover Real Estate | $300,000 | |
| Listed by Kinlin Grover Real Estate | |||
| Oct 21, 2005 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017