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Map
60 Somerset Terrace
About This Property
Step inside to a bright and inviting layout featuring a spacious living area ideal for both relaxing and entertaining. The well-appointed kitchen provides ample cabinetry and counter space, seamlessly connecting to the dining area for easy everyday living.
The home features generously sized bedrooms with flexibility for family, guests, or a home office, all served by a well-maintained full bathroom. Outside, enjoy a sizable backyard perfect for gatherings, pets, or future outdoor enhancements.
Conveniently located in a well-established neighborhood near shopping, dining, parks, and major highways, this home provides easy access to everything the Mid-Cities area has to offer while maintaining a quiet, residential feel. Whether you're a first-time homebuyer looking to settle into a welcoming community or an investor seeking a solid opportunity, this property offers excellent value and potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 14, 2026 | Sold | ||
| Sold | |||
| Aug 19, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$235,000
↓ $5K
(2.1%) | |
| Price Decreased | |||
| Jul 16, 2026 | Relisted | $240,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017