116 3rd Pl #5
About This Property
The elevator opens directly into this beautiful penthouse: a 1,678-square-foot, three-bedroom, 2.5-bath home where no expense has been spared to ensure every last detail is completed to perfection. Views from each of three private outdoor terraces (totaling approx. 1,000 Sqft) provide breathtaking panoramas from the New York Harbor to the Statue of Liberty, Verrazano Bridge and Brooklyn skyline. Expansive exposures on four sides flood the entire double-floor-through apartment with abundant natural light and offer stunning vistas from every room, while new Brazilian Ipe hardwood floors run the length of both levels.
The main level features an open, loft-like layout with a wraparound kitchen bar, spacious dining room area, and a living room containing a built-in corner gas fireplace and leading out onto a giant, 23-foot-by-12.5-foot terrace. A contemporary winding staircase connects to the lower level, where a spacious master suite includes a huge walk-in closet and large private bath. There are also two additional bedrooms, a Whirlpool duet washer/dryer, and a second terrace. The private elevator grants direct access to both living floors, with a staircase that leads up to an extraordinary private roof terrace- an exclusive outdoor retreat offering the best views in the borough.
The penthouse features elegant finishes and top brand names throughout, with Sub-Zero, Gaggeneau and Bosch appliances, Massa gold marble countertops and Tedd Wood custom cherrywood cabinetry. The 2.5 bathrooms include Hansgrohe fixtures, Duravit tubs with air jets and custom double vanities. Central air conditioning and multi-zone under-floor radiant heat add extra layers of comfort.
This unique five-unit condominium building is set on a tree-lined cul de sac with Brooklyns best restaurants and shopping around the corner on Court and Smith Streets, leafy Carroll Park a short stroll away, and the nearby F Train providing access to downtown Manhattan within minutes.
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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%.
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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 |
|---|---|---|---|
| Nov 14, 2014 | Sold | ||
| Sold | |||
| Sep 15, 2020 | Sold | ||
| Sold | |||
| Jan 19, 2018 | Sold | ||
| Sold | |||
| Oct 5, 2017 | Listed by Brown Harris Stevens Residential Sales LLC | $2,475,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
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On a quiet, tree-lined street in an elevator townhouse sits your new home with three exposures, three private terraces, three bedrooms, two full bathrooms and a powder room. There is space for everything, a proper living room with an 11.5 foot ceiling and direct access to a large terrace with views of the Manhattan & Brooklyn skyline & the statue of liberty, a dining room and a full chef's kitchen (Sub-Zero, Gaggeneau and Bosch appliances). Laundry is tucked away in a closet on the bedroom floor. The master bedroom faces south with a large walk-in closet and a private deck, while the two additional bedrooms face north. The elevator opens on both floors.This five unit, self-managed condo is uniquely situated as it is higher than all of the neighboring buildings allowing for unparalleled open views. Pets are welcome.Carroll Gardens has a lot to offer with excellent restaurants (Frankie's, Buttermilk Channel & Court Street Grocers) and stylish boutiques, like Andrea Romeo's Painted Swan. Two blocks away from the F/G Carroll stop at 2nd Place, a quick walk to Carroll Park and much more.
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| Nov 8, 2013 | Sold | ||
| Sold | |||
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