185 Sormonne LOOP
About This Property
The kitchen serves as the center of the home with a large island, Quartz countertops, ample prep space, and clear sightlines into the main living and dining areas. Beautiful vinyl wood-look flooring adds warmth and durability, complementing the home's light, open feel. Natural flow between the main gathering spaces makes the layout practical and inviting, whether hosting dinner, enjoying a quiet evening at home, or simply appreciating the functionality of a newer build.
The private primary suite offers a well-appointed retreat with dual vanities, a separate tub and shower, and a large walk-in closet. Secondary bedrooms provide space for guests, work, hobbies, or everyday flexibility. Outside, the covered patio extends the living space and overlooks a private backyard with no neighbors directly behind, offering an added sense of openness and privacy.
Located in Waterstone, this home also benefits from access to a large master-planned community designed for a recreation-rich lifestyle. Residents enjoy an onsite pool, large clubhouse, fitness center, pond, 13 parks, basketball and pickleball courts, and over nine miles of walking trails. Combining 2024 construction, Craftsman character, open living spaces, stylish finishes, and a backyard with no rear neighbors, 185 Sormonne Loop offers a well-rounded opportunity in one of Kyle's amenity-rich communities.
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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 |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$280,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Aug 11, 2026 | Price Decreased |
$285,000
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$295,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| Jun 11, 2026 | Relisted | $305,000 | |
| Relisted | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017