2120 Somerset Lane
About This Property
The kitchen is a chef's dream, completely remodeled with a contemporary design, featuring a large island and an open floor plan that flows seamlessly into the living spaces. The master suite is a true sanctuary with a remodeled bathroom that includes a luxurious bathtub, a large shower, a walk-in closet, and a retreat area with built-in furniture. The master suite and a second bedroom and a fully remodeled bathroom are conveniently located on the first floor. The second floor houses two additional generously sized bedrooms and another remodeled bathroom. Cozy fireplaces enhance the family room, perfect for relaxing evenings. The home also boasts a two-car attached garage with an extended driveway and a large backyard, perfect for entertaining, with breathtaking views of the city lights. This residence combines elegance and comfort, offering a truly exceptional living experience.
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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 |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Relisted | $1,699,000 | |
| Relisted | |||
| Aug 12, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017