4821 Somerset Drive
About This Property
Gorgeous Hardwood flooring, extensive use of crown mouldings, Original Cabinetry and original fixtures lend to the historic quality of this home. Fantastic Kitchen is all new ! Bathroom has been updated as well. So we have a darling home with Old World Charm, and modern conveniences and function!
We even have an inside laundry room. Enjoy evenings in your pleasant back yard and smell the Orange Blossoms. An extra special feature, is the detached 2 car garage, with two entrances; A driveway in the front off Somerset, and a second private entrance off Victoria Avenue which includes a private LONG driveway that will accommodate several cars! We also have a fun feature, which is an interior stairway leading to the attic area, making it easy to use the attic for storage, or can be converted to a loft, playroom, or art studio!
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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 |
|---|---|---|---|
| Apr 12, 2019 | Sold | ||
| Sold | |||
| Feb 13, 2019 | Listed by RE/MAX RESULTS | $449,900 | |
| Listed by RE/MAX RESULTS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017