62 Summer St
About This Property
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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 |
|---|---|---|---|
| Mar 12, 2025 | Sold | ||
| Sold | |||
| Feb 11, 2025 | In contract | - | |
| In contract | |||
| Feb 5, 2025 | Price Increased |
$590,000
↑ $15K
(2.6%) | |
| Price Increased | |||
| Jan 21, 2025 | Listed by Century 21 North East | $575,000 | |
| Listed by Century 21 North East | |||
| | |||
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This impeccably maintained split-level home offers serene living in an exceptional location. Situated on a generous 1.15-acre lot, 62 Summer provides ample privacy and is ready for its next chapter. The home features three spacious bedrooms, including a primary suite with an en-suite bathroom. The eat-in kitchen is filled with magnificent afternoon light and leads to a lovely deck, perfect for outdoor living. The lower level offers a full bathroom and a large flexible space, ideal for an office, playroom, or additional bedroom. A cozy gas stove adds warmth to this versatile area. The lower level includes convenient mud and laundry rooms with garage access to walk-out oasis-like grounds. This eco-friendly home is equipped with solar panels, reducing carbon footprint and electric costs.
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| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017