1542 SUMMERSET PL
About This Property
Enjoy the huge family room, with a cozy gas fireplace, perfect for gatherings. The gourmet kitchen is a chef's dream, complete with stainless steel appliances, including a recently replaced microwave, stove, & refrigerator in May 2022. The kitchen also offers granite countertops, a working island, and a sunny breakfast area. Living room boasts a walk-in bay window, allowing ample natural light to fill the space. The dining room is generously sized, providing plenty of room for hosting large family gatherings and special occasions. Upper level has a spacious primary suite w/vaulted ceiling. The primary bathroom has dual vanities, separate soaking tub, and a shower, offering a luxurious retreat. The secondary bedrooms provide ample space for family members or guests. The rear deck offers a peaceful retreat with privacy, backing to trees; an ideal space for outdoor entertaining or simply enjoying the natural surroundings. The lower level of the house is unfinished but includes rough-in plumbing and walk-out stairs, providing the opportunity for future expansion and customization.
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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%.
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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