239 W 16th Street
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 14, 2023 | Sold | ||
| Sold | |||
| May 16, 2023 | Listed by Keller Williams Metropolitan | $1,699,000 | |
| Listed by Keller Williams Metropolitan | |||
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This beautiful New Orleans style home is in the heart of the Houston Heights neighborhood convenient to shops and eateries. Fully renovated in 2021, it features a large eat-in kitchen with an extra large island that opens up to a spacious family room featuring a gas fireplace. In the large dining room are three sets of doors that open to one of two balconies. The nearby wet bar with ice maker, wine refrigerator and large butlers pantry, with an additional refrigerator space, are perfect for entertaining. The downstairs primary suite has a steam shower. Upstairs are three spacious en-suite bedrooms and additional living area with a second wet bar. The garage apartment sits above an oversized three car garage. It offers three separate rooms including washer/dryer connections, excellent for potential rental income. The home is equipped with a Savant home automation system that controls lighting in all rooms, audio, outdoor security cameras, alarm and thermostat. This home is a must see.
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| May 13, 2022 | Sold | ||
| Sold | |||
| Mar 4, 2022 | Listed by Circa Real Estate | $1,699,000 | |
| Listed by Circa Real Estate | |||
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This beautifully renovated (in 2021) custom New Orleans style masterpiece is nestled in the Houston Heights and built for entertaining. The home features a first floor primary suite with a self cleaning steam shower, and 3-upstairs bedrooms all with en suite bathrooms. Greet your guests through double hung custom mahogany front doors in the stunning entry and entertain in the gourmet kitchen which is appointed with all new Dacor appliances and opens to the living room. The pass through wet bar has an addtl sink, Zephyr wine frig, and Hoshizaki ice maker. The huge butler's pantry has a 4th sink, 2nd dishwasher, and refrigerator space; perfect for staging a dinner party! The grand dining room has 3-sets of mahogany french doors that open to the expansive front porch. There are 2 studies upstairs as well as a flex room and wet bar. 1 of 2 ACs and the roof were replaced in '21. Elevator installation has been assessed and priced. This is a fabulous house that you will not want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017