1198 JEFFERSON Avenue #B
About This Property
Unit B is a massive 2-bedroom, 2-bath home featuring a sweeping floor plan as well as a lovely Juliet balcony. Wide plank white oak floors run throughout the home, and all of the living spaces are open, airy, and light-filled. There's also a beautiful finished rooftop space with scenic 360-degree views as far as the eye can see.
The main great room is generously proportioned, easily accommodating a large dining table and a variety of living room furniture configurations. Discreetly tucked away off the main living space is a utility closet housing a conveniently stackable LG washer/dryer. An additional double-wide front hall closet provides ample storage space with built-in shelving, and its Shaker-style doors add a stylish touch. The galley kitchen is warm and inviting, with stunning custom cabinetry and a high-end stainless appliance package.
The first full bath is serene and beautifully appointed, offering a quiet space for relaxation. Neutrally hued, large format tiles add to the tranquility of the space. The primary bedroom features an expansive, elongated layout, providing ample space to comfortably accommodate a king-size bed. A large walk-in closet provides abundant storage space, and the ensuite bathroom features a floating vanity with additional storage and a sizable shower. The secondary bedroom is equally spacious, with its own walk-in closet and Juliet balcony. Both bedrooms offer gorgeous views of the deck.
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 |
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Mar 16, 2025 | Listed by Corcoran Group | $950,000 | |
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
