1348 Madison St
About This Property
When you step inside, you are greeted by a grand entryway with marble tile flooring that leads to the heart of the home. The open-concept kitchen, designed for the discerning chef, features expansive marble countertops and a layout that is both functional and luxurious. Adjacent, the cozy living room looks out onto the exterior sunken French garden, offering a serene retreat for relaxation.
Every detail of this home reflects a blend of historical charm and modern sophistication. The solarium, drenched in natural light, extends from the primary suite and opens to a private terrace, providing a peaceful urban escape.
Perfect for entertaining, the home boasts a wine closet and a butler's pantry with a wet bar, ideal for hosting unforgettable gatherings. Original features like the parlor fireplace and iconic woodwork pay tribute to the home's heritage, while contemporary amenities ensure comfort and luxury.
Situated in the vibrant Congress Park neighborhood, just steps from boutiques and dining, this neo-classic gem embodies the intersection of art, architecture, and design.
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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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Price Decreased |
$1,450,000
↓ $45K
(3%) | |
| Price Decreased | |||
| Aug 10, 2024 | Price Decreased |
$1,495,000
↓ $90K
(5.7%) | |
| Price Decreased | |||
| Jul 14, 2024 | Price Decreased |
$1,585,000
↓ $40K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017