4235 N 16TH Drive
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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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Apr 21, 2025 | In contract | - | |
| In contract | |||
| Feb 7, 2025 | Listed | $525,000 | |
| Listed | |||
| | |||
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Looking for a new home? This lovely 4 bed, 2 bath residence in Bel Air is just for you! Featuring a large front yard turf, carport parking, and an extended driveway. Discover a large dining & living area w/elegant flooring, recessed lighting, and neutral palette throughout. The kitchen is equipped w/everything you'll need for home cooking, ample cabinetry, quartz counters, and new stainless steel appliances. You'll love the primary bedroom, boasting a private ensuite and a walk-in closet for all your belongings. Lastly, the expansive backyard w/its covered patio and convenient storage shed, is a blank canvas ready to become your own private oasis! This also features a new HVAC, water heater and so much more.The good ones never last, hurry and act now!
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| Oct 11, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | Listed by My Home Group Real Estate | $399,999 | |
| Listed by My Home Group Real Estate | |||
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Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6737102
Brokerage email: [email protected]
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017