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16587 W 53rd Way
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 |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 2, 2025 | In contract | - | |
| In contract | |||
| Feb 16, 2025 | Relisted | $1,695,000 | |
| Relisted | |||
| Feb 9, 2025 | In contract | - | |
| In contract | |||
| Jan 31, 2025 | Listed | $1,695,000 | |
| Listed | |||
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**Breathtaking 1.6-Acre Retreat at the Base of Table Mountain** Embrace the ultimate outdoor lifestyle with this stunning 1.6-acre property, perfectly situated at the end of a quiet cul-de-sac with Table Mountain and access to the Highland Canal right out your back door. Whether you love hiking, horseback riding, or simply soaking in nature, this one-of-a-kind property offers unparalleled views from every window and a serene, private setting to enjoy year-round. Designed for those who appreciate both adventure and tranquility, this home features two fireplaces, a spacious primary suite with a cozy sitting nook and walk-in closet, and a 322 sq. ft. sunroom (not included in square footage) that leads to a private hot tub-ideal for unwinding after a day on the trails. The large 4-car attached garage with newer doors and additional shed provide ample storage for all your outdoor gear, equestrian equipment, or recreational toys. A true highlight of the property is the state-of-the-art greenhouse by Growing Spaces, offering a thriving, self-sustaining ecosystem with a variety of fruit trees, including fig, grape, olive, orange, Cavendish lime, grapefruit, avocado, pomegranate, peach, and lemon, along with tomatoes, kale, peppers, and aquatic plants. For horse lovers, the property is equipped with a private well for livestock (pitcher pump replaced 2018), making it ideal for keeping horses while enjoying the miles of riding trails just steps from your backyard. Recent updates ensure modern comfort, including new bay windows (2024), new wood floors in the entry, stairs, and main floor bath (2024), a roof replacement (2020), hot water heater (2022), interior paint (2017), exterior paint (2019) and updated upstairs and downstairs carpet (2019). Natural gas line at the top of the cul-de-sac. High speed fiber coming soon. With breathtaking scenery, endless outdoor activities, and a perfect blend of luxury and nature, this exceptional property is a rare find.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017