16 Neale 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 |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Oct 1, 2025 | Listed by Keller Williams Realty-Merrimack | $400,000 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Bring your vision and love of the outdoors to this 3 bedroom home set on 10 beautiful acres. The bones are solid, and the big work is already done — brand-new roof, septic, and well in 2025 give you peace of mind as you make this home your own. The first floor features a kitchen with breakfast bar, dining room, living room, den, full bath, and a side entry with new stairs. Upstairs, the second floor offers three bedrooms plus a bonus room, including one bedroom that’s been newly finished to show the home’s potential. Whether you dream of gardens, animals, or simply space to breathe, this property offers the charm of a Right to Farm community and the freedom of a rural lifestyle. A large shed/workshop and 10 acres of open possibilities make this more than a house — it’s the chance to create the country retreat you’ve always imagined. Please submit as one .pdf. and make offers good for 24 hours.
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| Dec 31, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017