1198 JEFFERSON Avenue #A
About This Property
Unit A is a 3-bedroom, 1.5-bath garden duplex featuring a multi-level deck and a spacious lower-level rec room. Wide plank white oak floors run throughout the home and large windows allow for light to glitter through the space at all hours of the day. The unit's private entrance is beautifully landscaped, enhancing both its curb appeal and privacy.
Upon entry, you are greeted with a spacious, light-flooded entryway with abundant room for a bike rack or coat storage. The home flows seamlessly into a full size dining room and the first sizable bedroom. Notably, this unicorn property is a garden unit with three "true" bedrooms - a rarity in any borough. An adjacent closet houses a conveniently stackable LG washer / dryer duo. The galley kitchen is warm and inviting, with stunning cabinetry and a stainless appliance package.
Just beyond the kitchen, a Jack-and-Jill bathroom offers both public access and private access through the main bedroom. The generously-sized primary is roomy enough to accommodate a king-sized bed and walk-in closet as well as a versatile configuration of bedroom furniture. A large window opens onto the deck, providing lovely views of the garden. The home office also boasts a spectacular view and direct access of the deck. This massive two-tiered outdoor space is complemented by your very own tree, creating a serene retreat.
Descending the stairs to the lower level, you'll find the expansive rec room, complete with built-ins for entertainment and decor. The large space offers endless possibilities for storage and the custom shelving adds architectural interest. The lower level also provides access to the backyard, and a convenient powder room off the main area makes this space both comfortable and versatile.
Residents of 1198 Jefferson Avenue are surrounded by local favorites, including Phil's, Father Knows Best, Irving General, Money Cat, Fazio's, Tikal Cafe, Caffeine Underground, Bar Cornelia, and Halsey Ale House. The property also offers convenient access to multiple subway lines and Irving Square Park.
This is not an offering. The complete Offering Terms are in an Offering Plan available from Sponsor. File No. CD24-0147
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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 |
---|---|---|---|
Apr 22, 2025 | Price Decreased |
$1,249,000
↓ $26K
(2%) | |
Price Decreased | |||
Mar 10, 2025 | Listed by Corcoran Group | $1,275,000 | |
Listed by Corcoran Group |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 4 Units
- 3 Units for Sale

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