16 Phillips Ave
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 |
|---|---|---|---|
| Apr 27, 2009 | Sold | ||
| Sold | |||
| Jan 13, 2009 | Listed by Rock Hill Residential Group | $250,000 | |
| Listed by Rock Hill Residential Group | |||
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Nice family neighborhood in desirable Shrewsbury near Lake Quinsigamond. Quiet side street. EXTRA LARGE LOT! Very solid home. High ceilings. Big, open kitchen. Spacious bedrooms plus large walk in closet w/window could be home office, sewing room, or nursery. Ceiling fans. Attic w. dormer. Large level backyard w. beautiful mature trees and big storage shed. Enclosed front porch. Bright sunroom. Recent replacement windows & roof. Large bsmt. w/windows. Paved drive w/plenty off-street parking.
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| Apr 28, 2006 | Sold | ||
| Sold | |||
| Nov 19, 2003 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017