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161 HICKS Street
About This Property
On the garden level, French doors open from a sumptuous eat-in-kitchen to a terrace and fully landscaped garden. The kitchen features a 6 burner Viking Range, Carrera marble counters, custom cabinets and central island with a butcher block counter top. An open plan family room adjoins the kitchen and is also used for formal dining.
In contrast to the relaxed comfort of the garden floor, the grand entrance floor features a classic double parlor with a formal sitting area, a mullioned window, original shutters, a marble wood burning fireplace and original parquet floors. The rear parlor is a library with pocket doors, bookcases, built in cabinets and an additional wood burning fireplace.
On the third floor, the master bedroom has a wood burning fireplace with white wood and brick surround, shutters on the front windows, strip oak floors and a walk-in closet. An additional bedroom and a contemporary styled bathroom with Caesar stone topped sink and vanity, glass tiles and glass tub/shower enclosure complete this floor. The top floor has three additional bedrooms, a full bath and laundry room.
There is central air-conditioning on all 4 floors as well four wood burning fireplaces. This classic townhouse is ideally located to access trains, Brooklyn Bridge Park and all the shops and restaurants that historic Brooklyn Heights has to offer. (Images property of onefinestay. Photography courtesy of Nick Glimenakis.)
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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.
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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