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8516 Somerset St; Queens, NY Property Details

8516 Somerset St, Queens, NY is a Single Family that was built in 1950. This property is currently a cash purchase and is not for sale. Our records show that 8516 Somerset St has a total of 2,976 square feet. The lot size of 8516 Somerset St is 6,500 square feet.

Off market
8516 Somerset St Queens, NY 11432
$80,642 Estimated Value
2,976 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1950
  • Est. Equity / %: $1,752,000 / 100%
  • Gross Yield: 7.301%
  • APN: 09953-0026
  • Situs County: Queens
  • Length Of Ownership: 6 years, 2 months

Structure

  • Stories: 2

Measurements

  • Total: 2,976/SqFt
  • Lot: 6,500/SqFt
  • Gross: 2,976/SqFt
  • Living: 2,976/SqFt
  • Building: 2,976/SqFt
  • Ground: 1,702/SqFt
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: New York City Department Of Education
  • Lat / Lon: 40.719418 / -73.78083
  • Property Class: Residential
  • Zoning: R1-2
  • County Use Code: A3

Amenities

  • Plus Four: 2313
  • Garage: Garage

Ownership Info

8516 Somerset St has no associated ownership info
8516 Somerset St has no associated ownership info.

Taxes

8516 Somerset St has 10 associated Taxes items

8516 Somerset St, Queens, NY pays taxes in Queens County, NY. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $80,642. The APN we've located for 8516 Somerset St is 09953-0026.

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Taxes
  • Assessed Value:  $80,642
  • Assessed Year:  2026
  • Assessed County:  Queens
  • APN:  09953-0026
  • Assessed Land Value:  25080
  • Market Land Value:  520000
  • Tax Amount:  16081.66
  • Tax Year:  2025
  • Market Value:  1672000
  • Market Year:  2026

Tax History

8516 Somerset St has 14 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $80,642 Land Value $25,080 Improvement Value $55,562 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $16,081.66 Change Rate +0.05639% Assessed CR Tax Rate
Year 2024 Assessed Value $75,794 Land Value $27,313 Improvement Value $48,481 Tax Amount $15,223.22 Change Rate +0.056185% Assessed CR Tax Rate +0.20085%
Year 2023 Assessed Value $71,762 Land Value $23,308 Improvement Value $48,454 Tax Amount $14,413.4 Change Rate +0.044329% Assessed CR Tax Rate +0.20085%
Year 2022 Assessed Value $94,500 Land Value $31,200 Improvement Value $63,300 Tax Amount $13,801.59 Change Rate +0.034112% Assessed CR Tax Rate +0.146049%
Year 2021 Assessed Value $90,120 Land Value $28,680 Improvement Value $61,440 Tax Amount $13,346.32 Change Rate +1.026942% Assessed CR Tax Rate +0.148095%
Year 2020 Assessed Value $79,800 Land Value $28,680 Improvement Value $51,120 Tax Amount $6,584.46 Change Rate -0.449868% Assessed CR Tax Rate +0.082512%
Year 2019 Assessed Value $74,940 Land Value $28,680 Improvement Value $46,260 Tax Amount $11,968.88 Change Rate +0.048133% Assessed CR Tax Rate +0.159713%
Year 2018 Assessed Value $56,018 Land Value $20,316 Improvement Value $35,702 Tax Amount $11,419.24 Change Rate +0.059981% Assessed CR Tax Rate +0.203849%
Year 2017 Assessed Value $52,848 Land Value $25,542 Improvement Value $27,306 Tax Amount $10,773.06 Change Rate +0.042499% Assessed CR Tax Rate +0.20385%
Year 2016 Assessed Value $52,848 Land Value $25,542 Improvement Value $27,306 Tax Amount $10,333.88 Change Rate Assessed CR Tax Rate +0.19554%
Year 2015 Assessed Value $52,450 Land Value $25,884 Improvement Value $26,566 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $49,482 Land Value $28,467 Improvement Value $21,015 Tax Amount Change Rate Assessed CR Tax Rate
Year 2012 Assessed Value Land Value Improvement Value Tax Amount $5,793.36 Change Rate Assessed CR Tax Rate