16 Summer 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 |
|---|---|---|---|
| Jun 26, 2023 | Sold | ||
| Sold | |||
| May 20, 2023 | No longer available | - | |
| No longer available | |||
| Apr 27, 2023 | Listed by Keller Williams Village Square Realty | $859,000 | |
| Listed by Keller Williams Village Square Realty | |||
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Welcome to your dream home! This stunning raised ranch with a beautiful curb appeal, has been completely renovated with top finishes and is located on a quiet cul de sac, offering privacy and tranquility. On the first level enter to a bright and sunny family room leading to a beautiful sunroom over looking your own private oasis featuring a gorgeous Gunite pool with a modern design patio for your outdoor entertaining. Second floor featuring an open floor concept that includes living room, dining room and an eat-in kitchen with stainless steel appliances, quartz countertops and subway tile backsplash. The master suite features a walk-in closet and a private en-suite bathroom that includes heated floors, double vanity and glass-enclosed shower. The other three bedrooms share a beautifully updated bathroom with modern fixtures and finishes. This beautiful home is well maintained with new roof and new HVAC system. Located in proximity to major highways, shopping centers and NYC Tran.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017