16 Rainbow Pond Drive #D1
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 |
|---|---|---|---|
| Mar 15, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | In contract | - | |
| In contract | |||
| Nov 27, 2023 | Listed by Coldwell Banker Realty - Westwood | $429,900 | |
| Listed by Coldwell Banker Realty - Westwood | |||
| May 3, 2012 | Sold | ||
| Sold | |||
| Aug 1, 2011 | Listed by RE/MAX Executive Realty | $205,000 | |
| Listed by RE/MAX Executive Realty | |||
| | |||
|
Bright and sunny first floor end unit (D) Updated kitchen with new appliances. washer and dryer. New hot water heater. Large heated bonus room over garage. Golf and pool included in maintenance fee. Private setting.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/27/2023
|
2 Bed
|
2 Bath
|
1359 ft²
|
$429,900
2 Bed
2 Bath
1359 ft²
|
$412,000
-4.16%
03/15/2024
|
Maria Gorman
Coldwell Banker Realty - Westwood
| |
|
03/18/2022
|
2 Bed
|
2 Bath
|
1300 ft²
|
$410,000
2 Bed
2 Bath
1300 ft²
|
$419,000
+2.20%
04/29/2022
|
Kenneth Licciardi
Keller Williams Realty
| |
|
04/15/2019
|
2 Bed
|
2 Bath
|
1086 ft²
|
$330,000
2 Bed
2 Bath
1086 ft²
|
$330,000
08/27/2019
|
Steve Downing
Century 21 North East
| |
|
08/01/2011
|
2 Bed
|
2 Bath
|
1539 ft²
|
$205,000
2 Bed
2 Bath
1539 ft²
|
$205,000
05/03/2012
|
The Results Team
RE/MAX Executive Realty
| |
|
01/10/2011
|
2 Bed
|
2 Bath
|
1086 ft²
|
$175,000
2 Bed
2 Bath
1086 ft²
|
$168,500
-3.71%
03/31/2011
|
Hillary Swenson Corner
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
02/26/2010
|
3 Bed
|
2 Bath
|
1474 ft²
|
$169,900
3 Bed
2 Bath
1474 ft²
|
$171,000
+0.65%
06/22/2010
|
Kenny Olson
New England Group Services Inc.
| |
|
05/01/2008
|
2 Bed
|
2 Bath
|
1300 ft²
|
$199,900
2 Bed
2 Bath
1300 ft²
|
$175,000
-12.46%
06/21/2010
|
The Rental Team
Hayden Rowe Properties
| |
|
05/09/2005
|
3 Bed
|
2 Bath
|
1474 ft²
|
$395,000
3 Bed
2 Bath
1474 ft²
|
$385,000
-2.53%
06/27/2005
|
Carole Barletta
Century 21 Elizabeth Roberts
| |
|
05/01/2005
|
2 Bed
|
2 Bath
|
1086 ft²
|
$330,000
2 Bed
2 Bath
1086 ft²
|
$330,000
07/28/2005
|
Carole Barletta
Century 21 Elizabeth Roberts
| |
|
04/17/2004
|
2 Bed
|
2 Bath
|
1192 ft²
|
$329,900
2 Bed
2 Bath
1192 ft²
|
$325,000
-1.49%
01/07/2005
|
Diane Tlapa
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
01/07/2004
|
2 Bed
|
2 Bath
|
1188 ft²
|
$339,900
2 Bed
2 Bath
1188 ft²
|
$341,000
+0.32%
03/19/2004
|
Diane Tlapa
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
07/29/2002
|
2 Bed
|
2 Bath
|
1086 ft²
|
$275,000
2 Bed
2 Bath
1086 ft²
|
$270,000
-1.82%
12/16/2002
|
Carole Barletta
Century 21 Elizabeth Roberts
| |
|
06/20/2002
|
2 Bed
|
2 Bath
|
1300 ft²
|
$280,000
2 Bed
2 Bath
1300 ft²
|
$265,000
-5.36%
09/24/2002
|
Valerie Smith
Coldwell Banker Realty - Westwood
| |
|
08/26/1998
|
2 Bed
|
2 Bath
|
1400 ft²
|
$219,000
2 Bed
2 Bath
1400 ft²
|
$219,000
11/02/1998
|
Joe Fish
RE/MAX First Realty, Inc.
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017