2238 16th St
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 |
|---|---|---|---|
| Sep 13, 2026 | No longer available | - | |
| No longer available | |||
| Sep 9, 2026 | Listed | $1,495,000 | |
| Listed | |||
| Aug 19, 2026 | Price Decreased |
$1,645,000
↓ $130K
(7.3%) | |
| Price Decreased | |||
| Jun 19, 2026 | Listed | $1,775,000 | |
| Listed | |||
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Downtown charm meets modern comfort in this beautifully maintained turn-of-the-century bungalow. Cherished by the same family for more than 40 years, this home showcases timeless character with hardwood floors, 9-foot ceilings, original trim and baseboards, and exposed brick accents throughout. The thoughtfully designed layout includes a private primary suite on the upper level and a spacious family room addition at the rear of the home, providing flexibility for both everyday living and entertaining. Ideally located just minutes from the vibrant Pearl Street district, you'll enjoy easy access to cafes, wine bars, award-winning dining, shopping, the Boulder Creek path, the Farmers Market, and countless downtown amenities. Outside, the fully fenced backyard offers a peaceful retreat with a brick patio, mature landscaping, and privacy fencing. A welcoming front courtyard with a flagstone patio creates additional outdoor living space. A rare bonus is the detached, finished studio complete with a 3/4 bathroom-perfect for a home office, art studio, guest space, fitness room, or creative retreat. One off-street parking spot in the driveway to the north. A unique opportunity to own a character-filled downtown home in an exceptional location.
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| Nov 4, 1982 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017