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511 Somerset Drive
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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%.
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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.
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 |
|---|---|---|---|
| Jul 22, 2026 | Sold | ||
| Sold | |||
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Listed by Redfin Corporation | $890,000 | |
| Listed by Redfin Corporation | |||
| Sep 24, 2020 | Sold | ||
| Sold | |||
| Aug 8, 2020 | Listed by RE/MAX Fine Properties | $599,000 | |
| Listed by RE/MAX Fine Properties | |||
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Amazing home in desirable Telfair with all top ranking schools. Beautiful & practical open floor-plan with Hi-ceiling & many attractive features; Impressive 2 story hi-ceiling in entry with curve iron staircases, stunning formal dining/FL. Crown moldings, Woodfloor in many areas, elegant arches & art niches. Gorgeous & spacious family room with stone FP. Large island kit & breakfast with many cabinets & display cabinets. Private master bedroom with bay windows. Study with french door&walk-in closet & a full bathroom next to it can be 2 bedroom down. Upstairs 3 nice bedrooms, gameroom, media room, Jack Jill bathroom & study area. Cover patio. Back yard playset stay. Beautiful master-plan community with lakes, pools, tennis courts, playgroups & lakefront walking trails. EZ access to shoppings, dinings & 69, 99, 90 & HWY 6. Walk to Lake & Rec center. School bus stops are just around the corner. Super location, convenient, yet quiet. A true dream home. Hurry! Home sold as is & no repair.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017