16 Mainsail Cir #16
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 |
|---|---|---|---|
| Jan 30, 2025 | Sold | ||
| Sold | |||
| Dec 5, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Listed by Keller Williams Realty | $500,000 | |
| Listed by Keller Williams Realty | |||
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Nestled in the highly sought-after 55+ Southport community, this sunny end-unit 2-bedroom, 2-bath condo is your chance to own the best-priced home in the complex at just $500K. A highlight of this property is the large unfinished walkout basement with multiple windows and a 6-foot slider opening into the backyard—ready to be transformed into a cozy retreat, workshop, or guest suite. Located near a quiet cul-de-sac, offers ample visitor parking right across the street. Inside, the home features a light-filled living-dining area with wooded views, primary bedroom with en-suite bath, guest bedroom with full bathroom nearby, and thoughtful design throughout. Southport offers a resort-style lifestyle with access to exclusive amenities, including a 9-hole golf course, indoor-outdoor pools, fitness facilities, tennis, pickleball, bocce, walking trails, and a vibrant clubhouse hosting countless activities. Don't miss this chance to embrace this home's potential and join a welcoming community.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/26/2024
|
2 Bed
|
2 Bath
|
1338 ft²
|
$500,000
2 Bed
2 Bath
1338 ft²
|
$490,000
-2.00%
01/30/2025
|
Carli Taylor
Kinlin Grover Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017