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227 16th
About This Property
A separate studio ADU with its own bathroom offers room for extended family and guests or the chance to explore vacation rental income. Step outside to a quiet and private backyard where professionally kept gardens set the stage for summer BBQs and candlelit dinners under the stars. Paso's warm evenings were made for moments like these. Stroll to downtown for wine tasting and dinner and come home to your own peaceful retreat.
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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 1, 2026 | Listed by The Harley Group | $1,250,000 | |
| Listed by The Harley Group | |||
| Nov 26, 2019 | Sold | ||
| Sold | |||
| Jul 1, 2019 | Listed by Platinum Properties | $669,000 | |
| Listed by Platinum Properties | |||
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Welcome to 227 16th offering a beautiful historic 1918 build craftsman style 3 bedroom 2 bath main home with guest house attached to the garage, as well as gorgeous outdoor spaces. Walk through the white picket fence and onto one of two covered porches to step inside this stunning home! The living room offers picture windows, a fireplace, wood flooring and attractive built ins. The formal dining has distinctive French doors leading to the side porch, hard wood flooring and quintessential craftsman style columns. The two guest rooms are met in the middle by a spacious full bathroom with tub and classic octagon floor tiles. The kitchen offers modern appliances, white cabinetry and a center island. The master bedrooms offers you an en suite bathroom, as well as a slider leading to the back deck with your own hot tub! There is also indoor laundry and a wine cellar too! The back yard is an enchanted garden with 100 year old apple trees, shade trees, patios and 2 different types of delicious table grapes. There are also unique flowering plants including a pink & white rosemary and gorgeous sage, as well as succulents and much more! Attached to the 2 car garage is the guest house with it's own private entrance, kitchenette with stove, sink, cabinetry and fridge! All of this and located on the desirable West Side just 5 blocks from downtown where you will enjoy exquisite restaurants and award winning wine at famous Paso Robles tasting rooms! Click the virtual media & call today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017