37 Somerset
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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| May 6, 2024 | Listed by Barrett Sotheby's International Realty | $3,695,000 | |
| Listed by Barrett Sotheby's International Realty | |||
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Land and privacy, this stunning Meriam Hill home sits on an exceptionally manicured half acre lot with a floor plan which flows for modern living. Renovated Poggenpohl kitchen, state of the art new HVAC system, security and sound systems combine for today's lifestyle. Well defined spaces to relax, entertain, and work. Filled with natural light, this sophisticated home maintains architectural purity throughout the five bedrooms, four and a half bathrooms, four firespaces, living room, dining room, family room, and study. Also accessible from Edgewood Road, provides potential for accessory dwelling expansion. The property is located two blocks from town center, with close proximity to highways, conservation trails, Lexington Public Schools and all the town center's amenities.
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| May 1, 1980 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017