68 lot 1 & 2 Somerstown Road
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 26, 2022 | Sold | ||
| Sold | |||
| Oct 31, 2021 | Listed by Coldwell Banker Realty | $410,000 | |
| Listed by Coldwell Banker Realty | |||
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|
Great opportunity to build two homes on adjoining lots totaling 3.23 Acres. Sewer and water have been brought in from road for each lot. Completely approved for sewer and water. Very long driveway for your privacy. Each lot owns part of the pond in front and will have a nice view of the pond. You can build two homes or combine the lots for one Majestic home on over 3 acres. The front lot is 1.990 acres and the back lot is 1.239 acres. Tax Id's 90.10-3-3.1 and 90.10-3-3.2 Can be purchased with a new home listed as 68 Somerstown Rd.
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| Oct 30, 2021 | No longer available | - | |
| No longer available | |||
| Sep 3, 2021 | Listed by Coldwell Banker Res Brokerage | $410,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
| | |||
|
Great opportunity to build two homes on adjoining lots totaling 3.23 Acres. Sewer and water have been brought in from road for each lot. Completely approved for sewer and water. Very long driveway for your privacy. Each lot owns part of the pond in front and will have a nice view of the pond. You can build two homes or combine the lots for one Majestic home on over 3 acres. The front lot is 1.990 acres and the back lot is 1.239 acres. Tax Id's 90.10-3-3.1 and 90.10-3-3.2
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| Sep 20, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Westchester
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$7,500 /mo
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$4,150 /mo
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017