16 MORGAN WAY
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 11, 2025 | In contract | - | |
| In contract | |||
| Mar 31, 2025 | Listed | $243,999 | |
| Listed | |||
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Nestled between Route 16 and Route 4, this delightful 2-bedroom, 1-bathroom home offers the perfect blend of comfort, convenience, and natural beauty. Situated on a peaceful .38-acre lot, it provides a serene retreat while remaining just minutes from grocery and hardware stores. Enter into a warm and inviting living room that seamlessly flows into the open-concept dining area and kitchen—an ideal space for both relaxation and entertaining. Both bedrooms offer generous closet space, while a full bathroom and dedicated laundry area enhance functionality. Outside, enjoy the spacious back deck overlooking a private backyard, perfect for morning coffee, outdoor gatherings, or unwinding by the fire pit. A handy storage shed adds extra convenience. With its tranquil setting, modern amenities, and prime location, this home is a must-see. Don’t miss out on this fantastic opportunity!
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| Oct 28, 2022 | Sold | ||
| Sold | |||
| Sep 13, 2022 | Listed by Lorrie Gould | $209,000 | |
| Listed by Lorrie Gould | |||
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Single family living on your own deeded .38 acres land with lots of privacy. Enjoy your extra large private deck with to enjoy yard and wooded area or your front porch to enjoy your neighborhood. This manufactured property located in a condo associations park with a very low condo fee of $110 that plows and maintains the road. This well maintained home has a new roof and furnace. Open floor plan with cathedral ceilings. Updated kitchen floors with life proof flooring new carpets in the bedrooms. One level living with washer and dryer. Conveniently located close to shopping, rte 16 and schools.
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| Apr 18, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017