16 Summit St
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 |
|---|---|---|---|
| Aug 21, 2025 | No longer available | - | |
| No longer available | |||
| Jul 8, 2025 | Price Decreased |
$2,225,000
↓ $25K
(1.1%) | |
| Price Decreased | |||
| Jun 6, 2025 | Listed by Capital Realty Group | $2,250,000 | |
| Listed by Capital Realty Group | |||
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This attached singe family has been entirely renovated inside and outside with all new systems. Sun splashes through oversized Marvin windows throughout the day. This thoughtfully designed property features open floor plan with 10-foot ceilings, 4 en-suite bedrooms, large private yard, 3D electric water vapor fireplace, glass railings, LED light mirrors and top of line appliances: wolf cooktop, built-in fridge. The property has two master suites: one presents a 15-foot vaulted ceiling, his and her custom-built cabinetry while the other primary suite includes a private sitting room, prefect for creative pursuits or a private study. The first floor bedroom suite can be used either for office or guests. 2nd floor laundry room features a utility sink, energy-saving Electrolux washer and dryer, ample storage space. This majestic Victoria home is a testament to refined taste and modern living. This townhome has a large outdoor private yard and tons of privacy.
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| Aug 15, 2022 | Sold | ||
| Sold | |||
| May 17, 2022 | Listed by Buyers Brokers Only, LLC | $1,575,000 | |
| Listed by Buyers Brokers Only, LLC | |||
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Massive Queen Anne Italianate Victorian single family c.1850 on large 19,687 sf lot with imposing period detail known as the John L. Ordway House. Built as a single family. it has been used as a 3 unit home and the City has it assessed as a 3 unit home presently. A talk with inspectional services says it can really be just two units. High ceilings , oak floors, grand entryway, natural woodwork and stained glass, this home offers development possibilities or for Victorian lovers a chance to restore to todays standards. High on a hill in a desirable neighborhood with sweeping views and convenient access to the mass pike into Boston are a couple of more nice features.Seven+ bedrooms, 4 baths, plus huge ballroom style rear room/gym on second floor.: OFFERS PLEASE MAKE GOOD FOR 24 HOURS.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017