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1425 SOMERVILLE Road
About This Property
Inside, you'll find refinished original hardwood floors that bring warmth and character throughout the home. The fully renovated kitchen offers modern finishes and functionality, while the updated bathroom adds a clean, fresh feel. Every detail has been thoughtfully improved while still preserving the home's timeless character.
Ideally located just minutes from San Marco, Riverside, Avondale, and Murray Hill, with easy access to shopping, dining, parks, and major commuter routes. This is a rare opportunity to own a fully updated home in one of the most accessible areas in town.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017