75 Summer Street
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 |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 5, 2025 | Listed | $399,900 | |
| Listed | |||
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Welcome to this nicely maintained two-bedroom home in the heart of Somerset. The first floor has an open floor plan with tons of natural light. It includes an eat it kitchen, living room and full bathroom. The elegant spiral staircase leads you to the second floor with two bedrooms and another full bath. The master bedroom has sliders leading to an outside balcony. Great for enjoying your morning coffee. On the main level, open the french doors to an oversized deck that leads to a generously sized fenced in yard. Great for entertaining or simply enjoying those warm summer nights. Brand new oil tank, wall to wall carpeting upstairs is also brand new and the appliances are only a year old. This house is move in ready!. Easy highway access and close to all area amenities. Subject to seller finding suitable housing.
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| Jan 19, 2024 | Sold | ||
| Sold | |||
| Dec 22, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017