16 Pine Tree 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 |
|---|---|---|---|
| Feb 28, 2019 | Sold | ||
| Sold | |||
| Oct 15, 2018 | Listed by REMAX Coastal Properties | $995,000 | |
| Listed by REMAX Coastal Properties | |||
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Sprawling waterfront contemporary ranch on protected Butlers Cove with a 99 year license for private dock. Custom built in 2005 this home has quality finishes through out and superb views of the cove and train bridge. Step off your beautiful new mahogany deck to your private sandy beach. This home is light, bright and has an open floor plan with gas fireplace, cathedral ceilings, a gourmet kitchen, 3 plus bedrooms and 3.5 baths. Upstairs offers 2 lofts for extra living space. Finished walkout lower level with separate entertaining quarters. This home has beautiful hardwood floors and tile throughout with central-air and newly added oversized garage and mudroom. Come and view the beauty of Onset and views of the canal bridges.
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| May 29, 2009 | Listed | $1,295,000 | |
| Listed | |||
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Beautiful 2005 water front ranch on protected Butlers Cove. Large deck and steps to your private sandy beach. Highest quality materials through out, bright and open floor plan, cathedral ceilings, gourmet kitchen with granite, Andersen windows,3 bedrooms with 3 full baths, master on first floor, Guest quarters in finished walk out basement w/ room to expand. Second floor loft, numerous closets. Sun on the Deck or Boat and beach from your own backyard.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017