16 TOWER Street
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 3, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2018 | Listed by FIVE STAR REALTY GRP INTL.INC NW | $179,900 | |
| Listed by FIVE STAR REALTY GRP INTL.INC NW | |||
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Renovated Corner Raised Ranch, hardwood floors, brand new SS appliances, brand new boiler and hot water heater, SGD to brand new deck w/ retractable awning, lower level family room w/ new carpet and half bath, walk to historic Red Hook Village. City Sewer, City Water. Priced to sell. Taxes does not reflect STAR,FOUNDATION:Concrete,FLOORING:Wood,AboveGrade:1716,InteriorFeatures:Electric Dryer Connection,Sliding Glass Doors,Washer Connection,Basement:Garage Access,Level 1 Desc:LR, DR, KITCHEN, 3 BDS, FULL BATH, SGD TO DECK,ROOF:Asphalt Shingles,ExteriorFeatures:Storm Doors
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| Jul 9, 2017 | Listed | $259,900 | |
| Listed | |||
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Super location in the heart of the Village of Red Hook. Sidewalks all the way to the village with its quaint shops and eateries. Sparkling hardwood floors are on the main level. The kitchen had been updated and has all new appliances. The family room on the lower level has a bath and new wall to wall carpeting. House has been freshly painted and ready to move into. From the dining room you go through the SGD to the new large deck overlooking the yard. Nice corner lot The manager has listed the unit size as 2236 square feet.
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017