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555 16th Street
About This Property
The historic home features intricate woodwork pocket doors and original parquet floors. The well-laid-out interior is complete with a private driveway and garage-providing ample parking. While the home needs TLC, this property presents an exciting opportunity to transform it into your dream home. With the city's new laws around Accessible Dwelling Units, the garage space in the back also offers additional value and possibilities.
With a little vision, this home is a fantastic opportunity to invest in a highly sought-after neighborhood that's growing in popularity. Whether you're a buyer looking to renovate or an investor seeking an ideal project, this is the place for you. A fully renovated home in Windsor Terrace sells for $2.5 or more, making this the perfect fixer upper for the buyer who wants to make this their forever home.
Don't miss out on the chance to own a piece of Windsor Terrace, with all the perks of city living just steps from your door. Selling AS-IS.
Cash buyers preferred.
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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 |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| Apr 5, 2025 | In contract | - | |
| In contract | |||
| Jan 18, 2025 | Listed by Compass | $1,725,000 | |
| Listed by Compass | |||
Property Highlights
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About South Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017