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1194 Albany Avenue
About This Property
Open the door and enter an expansive sun-drenched living which provides great space for entertainment. Just to the right of the entrance is your first of three bedrooms on this floor. Past the living room we have an amazing, open concept modern kitchen, features floor to ceiling custom cabinetry, adorned with a full fleet of brand new, stainless steel appliances. The spacious modern eat-in kitchen comes with a breakfast bar that comfortably sits four.
Entering into the lower level you enter a massive living room/ dining room combo with three additional bedrooms and full bath. The surprises do not stop there. A full kitchen has been installed with the same modern vision as the first floor. The high ceiling, fully finished lower level, has a separate entrance. The property has a tankless water heater for instant hot water. The brand new units have been installed throughout the home for central air heating and cooling.
The property has wonderful options for an outdoor space. First, we have the porch in front of the house. Secondly we have spacious yard in the back for fun and entertainment.
This property has been fully remodeled by an expert team of contractors featuring select hardwood wood flooring, recessed lighting, updated electrical, heating and plumbing systems throughout. Conveniently located with close proximity to major transportation which makes commuting a breeze. I welcome you to this lovely home. Short distance to public transportation. Trains in close proximity are the 2 and the 5.
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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 15, 2026 | Listed by RE/MAX ELITE | $779,000 | |
| Listed by RE/MAX ELITE | |||
| Jun 17, 2025 | Sold | ||
| Sold | |||
| Feb 6, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Listed by Corcoran Group | $565,000 | |
| Listed by Corcoran Group | |||
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Charming 3 bedroom, 1 bath home located in between Flatbush and East Flatbush. The home is a surrogates court mandated sale, call me for the details. The lot is 21.5x100sqft, the house is built out 21.5 x 44sqft with a garage. The home is nestled on a quiet tree lined block surrounded by transportation, shops, and restaurants.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017