16755 Needlepoint 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%.
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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.
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 |
|---|---|---|---|
| Sep 28, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | No longer available | - | |
| No longer available | |||
| Jun 4, 2023 | Price Increased |
$266,540
↑ $550
(0.2%) | |
| Price Increased | |||
| Apr 21, 2023 | Price Decreased |
$265,990
↓ $18K
(6.3%) | |
| Price Decreased | |||
| Apr 13, 2023 | Listed by Century Communities | $283,990 | |
| Listed by Century Communities | |||
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Featuring a thoughtfully designed single-story layout, the Buchanan offers plenty of private and common living space. Toward the front of the home, two bedrooms share a full hall bath-with one bedroom available as an optional study. At the heart of the home, an inviting kitchen-featuring a center island and corner pantry-overlooks an open-concept area with a spacious great room and elegant dining area, providing access to an optional covered patio. Completing the home, a lavish primary suite includes a large walk-in closet and a private bath. The manager has listed the unit size as 1675 square feet.
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Property Highlights
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017