300 SOMERSET RD
About This Property
Original details throughout, include period mirrors, double-hung mullioned windows, dentil & crown moldings and 3 fireplaces with mantles. The spacious kitchen is charming with random width pine floors, a beamed ceiling ,wormy chestnut Amish cabinetry and a large center island complete with a copper hood. In addition, the kitchen offers a fireplace and ample space for comfy seating or a large dining table.
This special home provides a primary suite which includes a sitting room, office and full bath in addition to the bedroom with fireplace. Three additional bedrooms, one full and one half bath, along with a laundry room complete the second floor. The third floor offers a private get-away with a bedroom and full bath. The side yard, accessed from a covered kitchen porch, is fenced and private with an attractive stone patio. It's easy to imagine an elegant garden party in this private oasis. One of those houses much admired for its presence, 300 Somerset Road is available for the first time in nearly 30 years
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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.
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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