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16 Monroe Place #2
About This Property
The exterior of 16 Monroe showcases a timeless architectural style, featuring a perfectly maintained facade that fits seamlessly into the neighborhood's historic character. The building's entrance is adorned with an inviting doorway and elegant detailing, creating a warm and welcoming atmosphere for residents and visitors alike.
Inside, each of the nine units offers a comfortable and contemporary living space, carefully designed to meet the needs of its residents. The floorplans vary from a townhouse duplex, rear garden duplex, plus the prettiest two bedroom condos above.
The interiors of the units are thoughtfully crafted, boasting a harmonious blend of modern finishes and classic elements. High ceilings and white oak floors create an airy and light-filled ambiance throughout. The living spaces are designed to maximize comfort and functionality, with open-concept layouts that seamlessly connect the living, dining, and kitchen areas.
The kitchens are a testament to the perfect fusion of aesthetics and functionality. Whether you're an avid home cook or an entertainer at heart, these kitchens will inspire and delight you with their tasteful combination of blue cabinets, open layout, stainless steel appliances, some with breakfast bars, quartz countertops, and ample storage. It's a kitchen where culinary dreams come true.
The bathrooms are an array of timeless sophistication. All slightly different but all exuding a sense of freshness and simplicity. You'll find rectangular crisp white ceramic tiles in a classic brick pattern with contemporary vanities. In the townhouse unit, prepare to be stunned by Carrara marble walls, as well as captivating herringbone pattern marble flooring. These bathrooms offer a sanctuary where one can relax and indulge in a truly luxurious experience.
The location of 16 Monroe is truly exceptional. Brooklyn Heights is renowned for its picturesque tree-lined streets, historic brownstones, and proximity to the iconic Brooklyn Promenade, offering breathtaking views of the Manhattan skyline. Residents of this building have easy access to a plethora of local amenities, including boutique shops, cozy cafes, trendy restaurants, and vibrant cultural attractions.
Additionally, 16 Monroe benefits from excellent transportation options. Nearby subway stations provide quick connections to Manhattan and other parts of Brooklyn, making commuting a breeze for residents who work or explore the city regularly.
With its blend of historical charm, modern comforts, and convenient location, this building offers residents an exceptional living experience in one of Brooklyn's most sought-after areas.
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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 |
|---|---|---|---|
| Sep 19, 2023 | Sold | ||
| Sold | |||
| Jun 15, 2023 | Listed by Compass | $1,920,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/18/2023
|
2 Bed
|
1 Bath
|
813 ft²
|
$1,250,000
2 Bed
1 Bath
813 ft²
|
$1,250,000
10/05/2023
|
Jake Dunsmore
Compass
| |
|
07/20/2023
|
2 Bed
|
1 Bath
|
813 ft²
|
$1,260,000
2 Bed
1 Bath
813 ft²
|
$1,282,995
+1.83%
10/11/2023
|
Jake Dunsmore
Compass
| |
|
07/20/2023
|
2 Bed
|
1 Bath
|
813 ft²
|
$1,275,000
2 Bed
1 Bath
813 ft²
|
$1,275,000
09/12/2023
|
Jake Dunsmore
Compass
| |
|
07/06/2023
|
2 Bed
|
1 Bath
|
841 ft²
|
$1,300,000
2 Bed
1 Bath
841 ft²
|
$1,300,000
08/31/2023
|
Jake Dunsmore
Compass
| |
|
06/15/2023
|
3 Bed
|
2 Bath
|
1696 ft²
|
$1,920,000
3 Bed
2 Bath
1696 ft²
|
$1,920,000
09/19/2023
|
Jake Dunsmore
Compass
| |
|
06/06/2023
|
2 Bed
|
1 Bath
|
841 ft²
|
$1,275,000
2 Bed
1 Bath
841 ft²
|
$1,275,000
08/29/2023
|
Jake Dunsmore
Compass
| |
|
06/02/2023
|
2 Bed
|
1 Bath
|
841 ft²
|
$1,250,000
2 Bed
1 Bath
841 ft²
|
$1,250,000
08/29/2023
|
Jake Dunsmore
Compass
| |
|
05/30/2023
|
2 Bed
|
1 Bath
|
813 ft²
|
$1,250,000
2 Bed
1 Bath
813 ft²
|
$1,250,000
11/01/2023
|
Jake Dunsmore
Compass
| |
|
05/30/2023
|
3 Bed
|
3 Bath
|
1357 ft²
|
$2,175,000
3 Bed
3 Bath
1357 ft²
|
$1,950,000
-10.34%
02/13/2024
|
Jake Dunsmore
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017