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59 Somerstown Road
About This Property
Enjoy indoor outdoor living with multiple porches, perfect for dining al fresco or morning coffee with a view of your private backyard oasis. The second floor features a spacious primary suite with walk in closet and en suite bath, three additional bedrooms, and a newly renovated full bathroom. The third floor includes two bonus rooms, that can be used as an office, bedroom or creative space.
The basement adds even more value with a recreation area, laundry room, and wine/root cellar. Additional features include energy-efficient windows, a new 50 year roof with transferable warranty, and plenty of storage space throughout.
Located in the heart of the Hudson Valley real estate market, this home is a one of a kind opportunity for buyers seeking historic character, privacy, and spacious living all within driving distance to NYC. or easy access to Metro-North.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017