16 Martin Terrace
About This Property
Step inside to find gleaming hardwood floors that were recently refinished, and a spacious layout filled with natural light. The home features central air, a newer boiler, and a brand-new roof July 2025, ensuring peace of mind for years to come. The kitchen and living areas flow seamlessly for easy entertaining and an induction stove for chef like cooking. During the Winter enjoy the comfort of your fireplace. Stay cool during the Summer with your Central Air Conditioning. The basement provides a large area for storage. The bathrooms have been tastefully updated.
Outdoors is a true highlight-enjoy summer days in your heated pool perfect for relaxing or hosting gatherings. The backyard is fenced and offers additional space beyond the fence. The property has a shed for all your storage needs. The property also includes a convenient 1-car garage and a well-sized yard for play or gardening.
Situated on a cul-de-sac, this home combines privacy with convenience, offering easy access to schools, shopping, dining, and commuter routes.
Don't miss the opportunity to own this wonderful home-schedule your showing today!
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Nov 5, 2025 | Price Decreased |
$425,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Oct 9, 2025 | Price Decreased |
$439,500
↓ $11K
(2.3%) | |
| Price Decreased | |||
| Aug 26, 2025 | Listed by eXp Realty | $450,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017