16 Pine Needle Lane
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 23, 2018 | Sold | ||
| Sold | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $590,000 | |
| Listed | |||
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Take a walk on the beach! A mere 1/10th of mile to the sandy shores and warm water of glorious Nantucket Sound from this quintessential, sweet as can be, four bedroom Cape style home. Welcome to 16 Pine Needle Lane. Loved by generations and now being offered to that special home buyer searching for the perfect place to create their own memories. Four bedrooms, two full baths, living room with vintage fireplace, private den/study with French door, hardwood flooring and original woodwork are just some of the features of this home. The second level offers two spacious bedrooms with carpet and built-ins and full bath with laundry. After a day at the beach relax on the private back patio. Perhaps a game of badminton on the side yard? A quiet and lovely seaside setting. The manager has listed the unit size as 1580 square feet.
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| Oct 25, 2017 | Listed by Kinlin Grover Real Estate | $590,000 | |
| Listed by Kinlin Grover Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017