16 Mills Point #81
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 |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Camdan Realty LLC | $774,900 | |
| Listed by Camdan Realty LLC | |||
| | |||
|
Fantastic opportunity at the desirable FPV! Privately situated corner unit that boasts quality and workmanship and many features unique to this unit! Open floor plan flows beautifully: delightful kitchen w/ granite with casual dining space, large living room, dining room and sunroom that opens to an oversized wrap-a-round deck with complete privacy! Main level offers ½ bath, laundry, and single French door access to spacious lower level! Do not miss the large master suite which features a vaulted ceiling, walk-in closet and updated Bath w/walk-in shower! Guest bedroom with full bath featuring a new custom-built walk-in closet! Terrific walkout lower level features an open family Room/entertainment with beautiful windows, slider to private patio, and additional bonus space lined with abundant cabinetry and 1/2 BA!
| |||
| Nov 21, 2017 | Sold | ||
| Sold | |||
| Sep 27, 2017 | Listed by Coldwell Banker Realty - Lynnfield | $579,900 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/17/2024
|
2 Bed
|
4 Bath
|
2589 ft²
|
$774,900
2 Bed
4 Bath
2589 ft²
|
$830,000
+7.11%
08/28/2024
|
Marissa Tavares
Camdan Realty LLC
| |
|
09/27/2017
|
2 Bed
|
4 Bath
|
2400 ft²
|
$579,900
2 Bed
4 Bath
2400 ft²
|
$579,900
11/21/2017
|
Carol DiCiaccio
Coldwell Banker Realty - Lynnfield
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017