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16424 121st Terrace N
About This Property
Bedroom. Home incl. water filtration system, wet bar, 7 lg flat screen TV's and high-end furniture for immediate enjoyment upon moving in. Entertain/relax while looking over the pool from your 500 sq ft screened lanai or the sunny backyard
deck. Room for RV/boat/trailers or expand with future structures tailored to your lifestyle. Restoration incl: structural remodel (2022) with new reframed all beams and joists with pressurized wood and concrete posts and cement perimeter; New filtration system, incl. 2nd well; New marble in bonus room; New A/C garage; New A/C unit (2025), Newly painted kitchen and bathroom (2nd fl.) (2025); exterior landscaping & lighting ('23-'24).
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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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$849,950
↓ $50
(0%) | |
| Price Decreased | |||
| Aug 20, 2025 | Listed by Community Realty Associates | $850,000 | |
| Listed by Community Realty Associates | |||
| Jun 25, 2025 | Price Decreased |
$835,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017