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11 Monroe Place #5
About This Property
The kitchen, with its waterfall countertops and tasteful cabinetry, has a jaw-dropping feature: a 7' long skylight, bathing the entire kitchen in sunshine. There is a Sub Zero refrigerator, Bosch dishwasher/range and plenty of storage space.
Both bedrooms are generously sized and have windows facing east, affording morning sunlight and picturesque rooftop vistas. The primary bedroom has a decorative fireplace and a small hallway of double walk-through closets with enormous additional storage above. The ensuite marble bathroom has double sinks and medicine cabinets. This apartment has no wasted space: bookshelves are tucked into unobtrusive spaces and closets provide lots of usable storage. This apartment has its own vented washer/dryer, hardwood floors throughout and a large storage space in the building's basement.
Behind a gorgeous door in the hallway and you are delightfully surprised with a staircase, leading you up to the building's rooftop. The views are extraordinary: the Brooklyn Bridge, the budding treetops of Cadman Plaza and the landmarked views of Brooklyn Heights' rooftops, leading all of the way to the harbor. This apartment has exclusive rooftop rights and the ability and potential for a rooftop deck.
11 Monroe Place is a small, self-managed co-op on a highly sought-after block of upper Brooklyn Heights. No subletting allowed. Close to Clark St and Montague Streets, it's also close to Citi Bike stations and the 2/3/4/5/A/C/R trains just a couple of blocks away. With its understated character and peaceful feel, this apartment is what you think of when you imagine idyllic Brooklyn Heights living.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/23/2021
|
2 Bed
|
2 Bath
|
-
|
$1,995,000
2 Bed
2 Bath
|
$1,995,000
07/27/2021
|
Lucy W Perry
Compass
| |
|
11/05/2020
|
2 Bed
|
2 Bath
|
-
|
$1,650,000
2 Bed
2 Bath
|
$1,485,000
-10.00%
06/17/2021
|
Ellen Newman
Corcoran Group
| |
|
08/02/2020
|
2 Bed
|
2 Bath
|
-
|
$1,920,000
2 Bed
2 Bath
|
$1,920,000
04/30/2021
|
Jorge Armando Lopez
Compass
| |
|
04/15/2019
|
2 Bed
|
2 Bath
|
-
|
$2,250,000
2 Bed
2 Bath
|
$2,120,000
-5.78%
08/23/2019
|
Phillip Salem
The Agency
| |
|
10/19/2015
|
2 Bed
|
2 Bath
|
-
|
$1,625,000
2 Bed
2 Bath
|
-
02/26/2016
|
Nancy Giddins
Brown Harris Stevens Residential Sales LLC
| |
|
04/17/2015
|
2 Bed
|
2 Bath
|
-
|
$2,000,000
2 Bed
2 Bath
|
$2,000,000
07/16/2015
|
Ellen E Newman
The Corcoran Group
| |
|
11/05/2007
|
2 Bed
|
2 Bath
|
-
|
$1,175,000
2 Bed
2 Bath
|
$1,175,000
02/07/2008
|
Phyllis NORTON-TOWERS
Brown Harris Stevens Residential Sales LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017