16 Terrace 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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Nov 12, 2024 | Listed by Lamacchia Realty, Inc. | $635,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Nestled on a generous .73-acre lot in a sought-after Salisbury St neighborhood, this sprawling mid-century ranch offers over 3,100 sqft of refined living space. With 3 bedrooms and 2.5 baths, the home is anchored by an extraordinary primary suite spanning 800 sqft, featuring cathedral ceilings, designer built-ins, a custom bath, and two oversized sliders with views of the private backyard. The modern kitchen boasts stainless steel appliances, quartz countertops, and a cozy eat-in area. The step-down living room with a fireplace flows seamlessly into the formal dining room, creating an ideal space for entertaining. The property combines classic mid-century charm with thoughtful updates for modern living. The horseshoe driveway offers ample parking and leads to a 2-car garage. Conveniently located near the Worcester Art Museum, Institute Park, shopping, dining, and more! Any and all offers due by 7:00 pm on Sunday 11/17
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| Jul 31, 2019 | Sold | ||
| Sold | |||
| May 8, 2019 | Listed by Lamacchia Realty, Inc. | $487,500 | |
| Listed by Lamacchia Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017