116 3rd Place #3
About This Property
The living space is quite expansive, featuring an open floor plan with ample living and dining space, and it flows directly onto a large south-facing terrace overlooking quiet gardens below. This terrace is terrific for grilling and entertaining, featuring a direct gas grill hookup for the ultimate in convenience. The centerpiece of the living space is a corner gas fireplace which adds a warm and inviting ambience on a cozy winter day. There are windows on two exposures for maximum light and views, as well as a built-in home office nook a 2021 essential!
The kitchen comes fully equipped with SubZero, Gaggenau, and Bosch appliances, marble countertops, and custom cabinetry, and it is a chef's dream come true. It was designed with modern living at the top of mind. There's definitely room for two (or more) to prep a meal, in addition to the breakfast bar which offers additional seating for quick meals and casual entertaining.
At the opposite end of the apartment you'll find two generously proportioned bedrooms with roomy closets and leafy views onto quiet 3rd Pl. The spa-quality baths are appointed with Hansgrohe fixtures, limestone-topped custom vanities and rustic stone flooring; one has a deep-soaking tub, and the other is ensuite with a glass-enclosed shower.
Brazilian Ipe hardwood flooring can be found throughout the apartment, as well as multi-zone radiant heating, central air conditioning, and additional closet space. Last but not least, the in-unit stacked and vented washer-dryer rounds out the appliance package to deliver all of the conveniences you need for gracious living.
This well-maintained self-managed condo offers private keyed elevator access, and is in a prime location just 1/2 block from all of the shops, boutiques, and award winning dining on Court St and a few short blocks to Carroll Park and the F/G trains. Your new home awaits! Showings by appointment only.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2021 | Sold | ||
| Sold | |||
| May 30, 2021 | In contract | - | |
| In contract | |||
| May 6, 2021 | Price Decreased |
$1,495,000
↓ $120K
(7.4%) | |
| Price Decreased | |||
| May 4, 2021 | Listed by Compass | $1,615,000 | |
| Listed by Compass | |||
| May 2, 2013 | Price Decreased |
$955,000
↓ $17K
(1.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/04/2021
|
2 Bed
|
2 Bath
|
1056 ft²
|
$1,495,000
2 Bed
2 Bath
1056 ft²
|
$1,615,000
+8.03%
08/30/2021
|
Diaz Zelermyer
Compass
| |
|
10/05/2017
|
3 Bed
|
3 Bath
|
1678 ft²
|
$2,475,000
3 Bed
3 Bath
1678 ft²
|
$2,475,000
01/19/2018
|
Terry Naini
Brown Harris Stevens Residential Sales LLC
| |
|
07/13/2016
|
3 Bed
|
2 Bath
|
1138 ft²
|
$1,577,500
3 Bed
2 Bath
1138 ft²
|
$1,577,500
03/06/2017
|
Frank Castelluccio
Corcoran Group
| |
|
10/28/2014
|
2 Bed
|
2 Bath
|
1324 ft²
|
$1,515,000
2 Bed
2 Bath
1324 ft²
|
$1,515,000
01/12/2015
|
LINDSAY A BARRETT
The Corcoran Group
| |
|
08/14/2013
|
3 Bed
|
2.5 Bath
|
1678 ft²
|
$1,999,000
3 Bed
2.5 Bath
1678 ft²
|
$1,850,000
-7.45%
11/08/2013
|
Dogan Baruh
RES
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017