16230 Meadow 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 |
|---|---|---|---|
| Nov 1, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2023 | Listed by RE/MAX Harbor Country | $599,000 | |
| Listed by RE/MAX Harbor Country | |||
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UNION PIER- This meticulously maintained Beach-Style Cottage has deeded beach rights to the 1000' GORDON BEACH & backs up to the association park! The charming light & bright, 2 bedroom cottage has the perfect mix of indoor/outdoor living with 2 screened porches and a fantastic yard and firepit area that overlooks the park. This is a very successful vacation rental, being sold totally turn-key, ready to start renting or enjoying. The perfect vacation get-away & only a short walk to shops, restaurants, beaches, and the new linear bike trail. Park your car and enjoy the best of Harbor Country...and amazing sunsets. $599,000
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| Jul 11, 2014 | Sold | ||
| Sold | |||
| Apr 28, 2014 | Listed by Olson Real Estate | $289,000 | |
| Listed by Olson Real Estate | |||
| Nov 2, 1998 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017