16 Michael Rd
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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Apr 7, 2025 | Listed | $719,900 | |
| Listed | |||
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Discover this beautifully renovated home in the Heart of the "Maze" Neighborhood! This home offers modern updates and an inviting open-concept layout. The first floor features a stylish kitchen with granite countertops, a spacious island, recessed lighting, gas cooking, and gleaming hardwood floors, seamlessly flowing into the living area. The sliding door leads to the back deck, where you can enjoy views of the massive, level, fenced-in yard—perfect for outdoor entertaining or relaxing. An updated bathroom and three bedrooms with laminate flooring finish off this floor. The lower level boasts versatile finished space with laminate flooring, offering endless possibilities. Currently utilized as a family room, mudroom, storage, and exercise/bonus area with closet, a dedicated laundry room. The generous breezeway provide easy access to the attached two-car garage. Additional highlights include central a/c, irrigation, hot tub & patio. Don’t miss out on this incredible home.
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| Apr 10, 2020 | Sold | ||
| Sold | |||
| Mar 6, 2020 | Listed by Barrett Sotheby's International Realty | $399,900 | |
| Listed by Barrett Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017