8900 16TH ST #8900
About This Property
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Cap Rate Calculator
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 20, 2023 | Sold | ||
| Sold | |||
| Aug 30, 2023 | In contract | - | |
| In contract | |||
| Aug 17, 2023 | Price Decreased |
$425,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Aug 2, 2023 | Price Decreased |
$430,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 20, 2023 | Price Decreased |
$440,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/30/2023
|
3 Bed
|
3 Bath
|
1266 ft²
|
$450,000
3 Bed
3 Bath
1266 ft²
|
$415,000
-7.78%
09/20/2023
|
Holly Smith
Long & Foster Real Estate, Inc.
| |
|
06/30/2023
| |
3 Bed
|
2.5 Bath
|
-
|
$450,000
3 Bed
2.5 Bath
|
$415,000
-7.78%
09/26/2023
|
Holly Lynn Smith
Long & Foster Real Estate
|
|
07/08/2021
| |
3 Bed
|
3 Bath
|
1266 ft²
|
$460,000
3 Bed
3 Bath
1266 ft²
|
-
-
|
Brien Berard
Taylor Properties
|
Building Info
About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017