16 Mill Street
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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by Skihome Realty | $529,000 | |
| Listed by Skihome Realty | |||
| Mar 24, 2023 | Sold | ||
| Sold | |||
| Feb 3, 2023 | Listed by Berkley & Veller Greenwood/Dover | $510,000 | |
| Listed by Berkley & Veller Greenwood/Dover | |||
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When you picture a rustic and woodsy Vermont retreat, but with modern comforts, this is that home. Stunning renovated chalet style home located conveniently on the MOOver shuttle route 3 miles from the Mount Snow Ski Resort. This 3 bedroom, 2.5 bath home has exposed natural woodwork throughout, a great open concept floor plan with large great room with vaulted ceilings and wood burning fireplace, hardwood floors, beautiful natural light through mostly new windows, a new kitchen with quartz counters, tile backsplash, and stainless appliances, tremendous entry mudroom for gear with brick floors, new washer/dryer in the main floor half bath, a large main floor primary suite with tiled bath, 2 bedrooms upstairs connected by a jack and jill bath with tiled shower, and less obvious features including a recently redone roof, dual decks, cement board siding, newly insulated crawlspace, new on demand hot water, direct snowmobile trail access, snow removal and trash service, and on sewer. The home has plenty of room to stretch, without being too much to maintain, yet is a private location with easy access to local amenities. Enjoy a quick drive or shuttle to skiing, skip into town for dining or shopping, or in the summer enjoy the nearby valley trail for hiking and biking, and great local lakes for swimming and boating. This is a great option for 4 season enjoyment and with great rental potential! Backsplash, dining fixture, painted ballusters, timber mantel, all being done this week!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017