16 PARK PL
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%.
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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.
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 24, 2018 | Sold | ||
| Sold | |||
| Feb 6, 2018 | Listed by BHHS Fox & Roach - Princeton | $1,275,000 | |
| Listed by BHHS Fox & Roach - Princeton | |||
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Beautiful and updated Victorian home in Princeton town center, just a short distance from Palmer Square. This home sits on a quiet corner lot and it has a front porch, side and rear patios and a 3rd floor deck for your outdoor enjoyment and relaxation! The main floor has a large living room and dining room area for family gatherings and entertaining. There are many windows in both rooms and there is a gas fireplace in the dining rm. Newly refinished hardwood floors throughout the entire house. The gourmet kitchen has cherry cabinets, granite center island, ceaser stone solid surface countertops and new top of the line stainless steel appliances. A powder room and a mud room with custom cabinetry complete the first level. The second floor has 4 spacious and bright bedrooms and 3 full baths. The master bedroom has 2 closets and an updated bathroom with large shower and double sink. The additional 3 bedrooms are spacious with ample closet space. There is a beautifully done, brand new bathroom with a large shower and a double vanity, an updated third bathroom with deep tub and a laundry area with front-loading high-efficiency washer and dryer as well as additional closet storage space. The third level has two additional rooms which can be used as home office, play room, study or perfect for guest rooms! Ample insulated attic storage closets and French doors leading to a roof deck for a perfect relaxing hideout! Attached to the home there is an efficiency apartment with separate entry, separate address and laundry area in the full bsmt. Rented for $935/mo. by previous owner, it can also be used as an au-pair or inlaw suite, guest apartment or separate office. There is a one car attached garage and additional off street parking for 2 cars. The back yard has a stone patio with built-in plumbing for a natural gas grill and there is also an additional patio by the side yard for your outdoor entertaining and enjoyment. The interior and exterior of the home have been recently painted along with professional landscaping of garden beds. The patio stones have been replaced as well as the back staircase. This home is in excellent condition and ready for the most discerning buyer.....it could be you!
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| Jul 30, 2014 | Sold | ||
| Sold | |||
| Feb 24, 2014 | Listed by Coldwell Banker Residential Brokerage - Princeton | $1,175,000 | |
| Listed by Coldwell Banker Residential Brokerage - Princeton | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017