1363 Somercotes Lane
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 |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| May 30, 2023 | Listed by Realty Associates | $265,000 | |
| Listed by Realty Associates | |||
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Beautiful brick home! Adorned with a lush front yard that instantly bestows an inviting ambiance at your arrival. The open layout creates a harmonious flow between living spaces with its cozy fireplace, designer paint in a modern, soft color palette, tile flooring, elegant tray ceiling, and chic light fixtures. The kitchen showcases high-end SS appliances, granite counters, an island w/breakfast bar, mosaic backsplash w/custom made cherry wood cabinets. Adjacent to the kitchen, the dining area dazzles a mirrored wall expanding the sense of space. The main bedroom has French doors leading to the backyard, wood flooring, a vaulted ceiling that lends an airy feel, and a private bathroom w/tiled shower. This gem also includes a well-appointed bonus room boasting a trending palette, tile flooring, a half bathroom, guaranteeing comfort for your visitors. The backyard offers green grass for relaxation or play, a deck for BBQs, and a convenient storage shed. This home truly marries elegance!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017