16 Leonard Drive
About This Property
This property is the definition of well-maintained and turn-key. Since its original build in 1988, this home has been loved by one family. From the moment you pull into the driveway, you notice the recently wrapped vinyl siding providing much curb appeal. As you enter, you walk into the family room featuring luxury vinyl flooring and a Mendota hearth wood burning fireplace. The kitchen has been fully renovated featuring stainless steel appliances and quartz counters. The 4-season sunroom offers an extra sitting area and is such a comfortable space. One full bath and two bedrooms are also on the main level, one of the bedrooms is currently being used as a formal dining room. Washer/Dryer is also located on main floor, which is very convenient. Upstairs is the 3rd bedroom, which is currently being used as a primary suite, with additional full bath and large closet area. Additional nook can also be used as a home office. This home really has it all. 2 car garage, central air, all HVAC updated in 2025, newer roof, Pella windows, located at the end of a quiet, cul-de-sac- South Colonie schools. Low taxes. This home is a MUST SEE.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by Gucciardo Real Estate LLC | $349,900 | |
| Listed by Gucciardo Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017