16 Magic Mountain Drive
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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%.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | Listed by Douglas Elliman Real Estate | $569,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Fantastic seven-room ranch featuring three bedrooms and two full baths, situated on a fully fenced 0.35-acre lot. Highlights include a two-car garage with electric openers, a new paving-stone patio, and an asphalt driveway. in-ground sprinkler system, and an above-ground pool. Wall- and window-mounted ACs keep you cool all summer. Newer premium vinyl throughout the main living areas. Located on a lovely, tree-lined street. Great attic space with pull-down stairs. This home is conveniently located just minutes to the Pine Ridge Golf Club, LIRR Port Jefferson train station, Stony Brook University, and the Pine Barrens State Forest.
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| May 7, 2013 | Sold | ||
| Sold | |||
| Mar 21, 2013 | Sold | ||
| Sold | |||
| Aug 15, 2012 | Listed by Douglas Elliman Real Estate | $239,850 | |
| Listed by Douglas Elliman Real Estate | |||
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About Coram
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017