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12 GARDEN Place
About This Property
The garden floor has a sun filled formal dining room with veined marble fireplace, unusual storage and views thru to the kitchen and garden. The renovated eat-in-kitchen has top-of-the-line appliances, multiple ample cabinetry, marble counters, island counter, closeted washer and dryer, major pantry storage, bathroom and French doors that lead to a patio. A convenient staircase to the basement leads to ideal space for a media area, playroom, wine cellar plus storage.
Enter the parlor floor thru majestic mahogany double doors. A high-ceilinged entry hall leads to an elegant parlor floor with 11 ft. ceilings where architectural details are blended with modern finishes. Overhead lighting, white marble mantel, original shutters, moldings, solarium, powder room and a custom wet bar with wine cooler makes this a perfect layout for entertaining. The solarium has views of the landscaped garden.
On the third level is a spacious master bedroom en- suite with high ceilings, fireplace and a large walk thru customized closet. There is a well appointed library with fireplace. In addition a home office with tree top view.
The fourth floor skylights fill the floor with light and there are 2 large bedrooms both with fireplaces, another home office and a pocket room completes the top level. The large bathroom has been updated. A hall closet is for linen storage. There is easy access to the roof which offers spectacular views.
This home is ideally located near the Brooklyn Bridge Park, all transportation (1 stop via subway to Manhattan), shopping and great dining. Please call for a private appointment.
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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 |
|---|---|---|---|
| Mar 16, 2015 | Sold | ||
| Sold | |||
| Sep 2, 2014 | Listed by Brown Harris Stevens Residential Sales LLC | $5,650,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017