111 2nd Street
About This Property
The first floor features a combined kitchen, dining and living area with hardwood floors, high ceiling, and wonderful light. Just past the kitchen is a flex room leading into the private backyard. Upstairs, youll find three bedrooms with tall ceilings and large north south facing windows.
Conveniently located just a couple blocks from the subway station and perfectly situated in the middle of two of Brooklyns most desirable neighborhoods. Enjoy the fun and excitement of Gowanus and all that Smith and Court Streets have to offer in historic Carroll Gardens.
Need some inspiration? You wont have to look far; the neighboring homes have already been transformed. So, bring your architect and your contractor because now its 111s turn.
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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 |
|---|---|---|---|
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jun 6, 2023 | No longer available | - | |
| No longer available | |||
| May 30, 2023 | Price Decreased |
$1,749,000
↓ $50K
(2.8%) | |
| Price Decreased | |||
| Mar 9, 2023 | Price Increased |
$1,799,000
↑ $50K
(2.9%) | |
| Price Increased | |||
| Feb 4, 2023 | Listed by Realty Collective | $1,749,000 | |
| Listed by Realty Collective | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017