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16 Tier Street
About This Property
The very unique 16 Tier Street is perfectly situated between two waterfront homes providing full water views – without the expensive upkeep of a seawall and with no flooding!
With views for days, a yard, multiple Trex decks, and a heated inground swimming pool - you will never want to leave this stunning property. Built to entertain - this is an extra-large home with an open plan kitchen, dining and living space, a wood burning fireplace, 5 bedrooms, a den, 3.5 bathrooms, and a separate laundry room. Two of the five bedrooms are on the first floor with their own full bathroom. The statement spiral staircase leads you upstairs to a breathtaking primary bedroom suite with vaulted ceilings, another amazing deck with unobstructed water views, a spacious ensuite bathroom, with an adjacent walk-in closet, a jacuzzi tub and separate shower. Two more second floor bedrooms and another full bathroom complete this home, each with its own character of skylights and great porthole windows.
This efficiently run home also has fully updated electric and plumbing, two-zoned HVAC, automatic water sprinkler system, and security cameras - offering everything you want, with minimum maintenance!
Little is left that resembles the original 1920 build – but the garage with a studio space above it, IS the original barn from back in the day with beautiful cedar shingles. – All of its charm creates the perfect vibe of Southampton living and is a great reason why 16 Tier Street has one of City Island's best curb appeals.
Tier Street is an absolute favorite of City Island streets – beautiful homes, and with its own private beach!
MAKE SURE YOU WATCH THE ENCLOSED VIDEO!
(if it doesn't show up on the platform you use, search for 16 Tier Street - City Island real estate sales - YouTube video)
If you don't know City Island it's time that you did! Best kept secret, especially if you need quick and easy access to Manhattan. Enjoy City Island's relaxed & friendly beach-lifestyle, multiple boat clubs, seafood restaurants and beaches – always surrounded by water. City Island also enjoys its own school (K-8), a library, post office, diner, cafe and delis, art galleries and quaint artifact stores. Live music is performed on weekends throughout the summer, and we now have a recently opened Yoga and Pilates studio!
The adjacent Pelham Bay Park – is the largest park of NYC - 2,772 acres of walking, biking, and running trails, golf courses, a horse stable, and beaches.
Truth be told; life here is lovely.
Take MTA transportation or a quick train ride from Pelham to Manhattan. Or drive in as little as 20 minutes.
Contact the listing broker directly with any questions and to set up a private showing.
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Cap Rate Calculator
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 13, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2024 | Listed by R New York | $1,348,000 | |
| Listed by R New York | |||
| Oct 23, 2018 | No longer available | - | |
| No longer available | |||
| Oct 3, 2018 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Aug 30, 2018 | Relisted | $1,200,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017