1198 JEFFERSON Avenue #C
About This Property
Unit C is a sweeping 3-bedroom, 2-bathroom floor-through residence with dual balconies and soaring ceilings that add a dramatic verticality to the space. The main great room is generously proportioned and easily accommodates a large dining table and a variety of living room furniture configurations. Off the main living space is a sizable balcony offering quaint views to the quiet street beyond. In the spring and summer months, you'll enjoy verdant views of the stately trees that line the avenue. The chef's kitchen off the main living space features full-sized stainless steel appliances and ample counter space and storage for small appliances and decor alike.
The spacious room adjacent to the main living space can easily be utilized as a second bedroom or a generously sized home office. The large closet features Shaker-style doors and ample built-in shelving - making storage a breeze.
Making your way to the other side of the home, you'll find the first full bath, complete with a luxurious soaking tub, large-format tiling, and a stackable LG washer/dryer. Directly adjacent, you'll find another sizable bedroom with dramatic garden views and ample closet space.
The primary suite features its own generous balcony-a perfect spot to enjoy your morning coffee or tea at a caf table. Garden views enhance the spacious floor plan, creating an even greater sense of openness. The floor plan is expansive enough to accommodate a king-sized bed, a spacious closet, and a versatile configuration of bedroom furniture. The ensuite bathroom features a large stall shower, lovely large-format tile work, and a floating vanity.
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
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
---|---|---|---|
Mar 12, 2025 | Listed by Corcoran Group | $965,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
- 4 Units
- 3 Units for Sale
