1103 Somerset Mall
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 |
|---|---|---|---|
| Jul 11, 2023 | Sold | ||
| Sold | |||
| Jun 23, 2023 | Listed by Results Realty USA | $315,000 | |
| Listed by Results Realty USA | |||
| Nov 22, 2018 | No longer available | - | |
| No longer available | |||
| Sep 7, 2018 | Listed | $129,900 | |
| Listed | |||
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Property is being sold as-is. Taxes prorated at 100%. Seller is exempt from disclosures and will not provide termite or survey. Buyer is responsible for all inspection(s) and repair(s). Buyer's prequalification & proof of funds must accompany all offers. Room sizes are approximate. All offers must be submitted by the buyer's agent using the online offer management system. See agent remarks. The manager has listed the unit size as 1460 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017