137 Monroe Avenue
About This Property
The main foyer features custom trim work and wood paneling that is found throughout the home as well as carried down into the 990 square-foot basement with 9' ceilings. Solid white oak flooring and staircases are also featured throughout the home.
On the main floor, there is a large dining room, a living room with custom pocket doors, family room with coffered ceilings, fireplace and built-ins, and an oversized custom kitchen with butler's pantry and the finest in appliances. Off the kitchen is a side entrance that leads to a closed off mudroom with built-ins. At that side entrance you will also find an outdoor private shower.
The second floor features a master bedroom with his and her walk-in closets and an oversized master bath; three additional oversized bedrooms (2 which have access to an oversized front terrace) with walk-in closets, two additional baths and a laundry room.
Moving up to the third floor you walk into a wide-open floor plan with an added bedroom and full bathroom.
All bathrooms throughout the home were designed in the most sophisticated style with sleek cabinetry and space saving toilets with a dual flush option.
The home is pre-wired for an 8-zone music system and 4-camera security system.
Additional features: poured solid concrete foundation, spray on Ultra-Shield basement waterproof coating; Andersen 400 series Simulated Divided Lite windows and exterior doors; pre-finished Maibec cedar siding with 15-year extended warranty; 100% moisture and insect impervious Azek exterior trim; standing seam Copper roof details; Heat Bloc energy cost reducing radiant heat barrier; Thermal Fiber sound attenuation insulation between all floors, bathrooms, laundry room and master suite; solid core interior doors; 100% sound proofing cast iron plumbing waste piping; all plumbing supply lines have been insulated for sound transmission and anti-freeze protection; (2) On-demand energy saving hot water heaters; all recessed lights are LED.
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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 |
|---|---|---|---|
| Apr 12, 2016 | Sold | ||
| Sold | |||
| Nov 24, 2015 | Listed by D'Amico & McConnell Realtors | $3,100,000 | |
| Listed by D'Amico & McConnell Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017