16 Richards 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 |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by RE/MAX Prof Associates | $550,000 | |
| Listed by RE/MAX Prof Associates | |||
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***Multiple offer situation. Highest & best offers due Monday, 11/17/25 @ 10am. Thank you!****Bright, beautiful & immaculate! Welcome home to this 3-bedroom, 2.5-bath Colonial located in the sidewalk lined neighborhood of “The Highlands”. This move-in ready property has been meticulously cared for & thoughtfully updated, including new granite kitchen countertops & mini-split systems throughout for year-round comfort. The spacious first floor offers a warm & inviting flow with a fireplaced living room, a formal dining room, & generous eat-in kitchen w/ ss appliances, ample cabinets/counters, & slider access to the back deck. A convenient half bath with laundry completes the main level. Upstairs, you’ll find a pristine primary suite with a custom closet and full bath, plus two additional bedrooms, each with large closets and ceiling fans, and another full bathroom.
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| Apr 1, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2021 | Listed by RE/MAX Prof Associates | $379,000 | |
| Listed by RE/MAX Prof Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017