16 Somerset Drive
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 1, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| Mar 12, 2025 | Listed by Keller Williams Realty Group | $750,000 | |
| Listed by Keller Williams Realty Group | |||
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Welcome to 16 Somerset Dr, a beautifully upgraded Colonial in the coveted Cornwall Hill View Estates, just an hour north of NYC. This immaculate 4-bedroom, 3.5-bath home features a stunning Primary suite with custom California Closets and primary bathroom has a heated floor and Steam shower. Three additional bedrooms, each with personalized Closets by Design. The chef-inspired kitchen is a true highlight, with two-toned cabinetry, quartz countertops, and top-of-the-line GE Platinum Glass Cafe; appliances. The home boasts refinished hardwood floors, elegant porcelain tiles, and modern moldings throughout. Outside, enjoy a private Trex deck perfect for entertaining, complemented by a new stone walkway and lush front landscaping. Additional upgrades include a hybrid high-efficiency hot water tank and reverse osmosis water system. Conveniently located near outdoor recreation, transportation, and local amenities, this home offers the perfect combination of luxury and convenience. Don’t miss out—schedule your tour today!
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| Feb 24, 2022 | Sold | ||
| Sold | |||
| Jul 9, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017