1
Map
62 Somerset Street
About This Property
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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 |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Apr 9, 2025 | In contract | - | |
| In contract | |||
| Mar 15, 2025 | Price Decreased |
$294,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Feb 8, 2025 | Listed | $299,900 | |
| Listed | |||
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|
Welcome to this expansive Colonial home in the heart of the Forest Park area. Enjoy proximity to nature and urban conveniences, like restaurants, grocery stores, schools, and more. This beautiful home offers endless possibilities, the first floor features a large kitchen with appliances that stay for the buyer's enjoyment, a spacious living room, formal dining room with stunning details, and a bedroom with a kitchen area and full bathroom, perfect for in-laws or multi-generational living. The second floor features three more bedrooms and a full bathroom. There's also a large attic for storage, and a partially finished basement for extra space. Experience this wonderful home today!
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| Nov 7, 2008 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017