16 Pine Ridge Drive
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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by Lamacchia Realty, Inc. | $525,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Located just 1 mile from the tranquil shores of Sandy Pond Beach, this inviting 3 bed, 1.5 bath home offers the perfect blend of comfort and convenience. The living room, with its large picture window and cozy fireplace, sets the stage for warm gatherings, while the rich HW floors seamlessly connect the dining room and kitchen, creating an open and welcoming space. The kitchen boasts SS appliances, an island, and easy access to the enclosed screen porch. The porch features a wood stove, exposed wood beams, and access to the spacious backyard, which is perfect for year-round enjoyment. All 3 bedrooms are located on the first level, each equipped with ceiling fans and a shared full bath. The finished basement expands your living options with space for an office, family room, or fitness center, complete with a convenient half bath. 1 car garage too! The fenced in backyard with patio offers ample space for outdoor activities and relaxation. Don’t miss this gem!
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| Jan 15, 2019 | Sold | ||
| Sold | |||
| Nov 1, 2018 | Listed by Lamacchia Realty, Inc. | $369,900 | |
| Listed by Lamacchia Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017