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123 Cambridge Place
About This Property
Nestled on one of Clinton Hill's most coveted tree-lined blocks, this enchanting 22-foot-wide frame house on a 25 x 100 lot blends historic charm with thoughtful modern updates. With a gracious front porch welcome, the home spans three stories plus an English basement, offering abundant space and flexibility for comfortable, stylish living.
On the parlor floor, a serene and elegant front sitting room flows through original pocket doors into a formal dining area with a decorative fireplace. Beyond lies a sunny family room and a beautifully renovated open kitchen with a large island-an ideal gathering space for everyday living and entertaining. Oversized windows flood the home with natural light. There is direct access to the artfully designed rear garden.
The upper two levels offer five generously proportioned bedrooms, three full bathrooms, and ample closet space. The second floor has three bedrooms and two bathrooms. Each bedroom is large and bright. The top floor is the primary suit with a large bedroom, beautiful bathroom and office/art studio. Windows on three sides and skylights throughout fill the home with sunlight all day long.
On the lower level, you'll find a spacious and versatile den, another full bathroom, a media/playroom room, and a huge dedicated laundry area. This floor also has access to the beautiful garden making it the perfect compliment to the grand and gracious parlor floor.
Set on an oversized lot, the property includes a charming front porch, a beautifully landscaped front garden, convenient side alley access, and a lush, private backyard complete with a grilling area, fire pit, and a fruiting plum tree that anchors the tranquil outdoor space. There are beautiful hardwood floors, and abundance of prewar details and Central Air throughout the house.
Located on picturesque and highly sought-after Cambridge Place, this home is just moments from the vibrant offerings of Fulton Street, including neighborhood favorites such as Aita, Speedy Romeo, and Locanda Vini e Olii. Enjoy easy access to BAM, Fort Greene Park, the C and G trains, Atlantic Terminal with 9 subway lines, and Citi Bike stations, making this a true hub for Brooklyn living.
This is a rare opportunity to own a distinctive home on one of Clinton Hill's most beloved blocks.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017