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162 Crown Street
About This Property
The parlor level serves as the home's focal point, where grand proportions meet thoughtful modern design. The floor opens into a formal living room anchored by a beautifully restored decorative fireplace, flowing naturally into a separate, dedicated dining room perfect for hosting. The rear of the parlor is occupied by a professional-grade chef's kitchen featuring Carerra marble counters, a dual-temperature wine fridge, and high-end appliances. From here, floor-to-ceiling French glass doors provide a seamless transition to the rear terrace, creating an effortless connection for indoor-outdoor entertaining.
The top floor level is designed with precision and effortless utility, headlined by a primary suite featuring custom-built closets and a spa-inspired ensuite with a deep soaking tub & separate shower. Two additional bedrooms on this floor also feature bespoke custom closets and offer direct access to a second private terrace, maximizing natural light and fresh air throughout the level. For ultimate convenience, this floor includes a dedicated washer and dryer. The building is topped with a state-of-the-art irrigated green roof and a high-efficiency solar array, integrating sustainable technology into the home's structural design.
The garden level is dedicated to utility and leisure and finished as a bespoke entertainment lounge complete with a custom designer bar. Comfort is paramount on this floor, which features in-floor hydronic heat for a consistent, cozy atmosphere. A thoughtfully integrated mud room provides a practical transition from the outdoors, leading directly to the expansive rear grounds. The deep 120-foot lot accommodates a secluded garden maintained by a total irrigation system and centered around a private cedar soaking tub for year-round use. The outdoor experience is elevated by a built-in BBQ and smoker, perfect for alfresco dining. Rare for the area, the property also includes a private two-car garage prepped for electric vehicle charging and equipped with hot and cold water access.
Located moments from the Brooklyn Botanic Garden, Prospect Park, and the Brooklyn Museum, 4/5/2 & 3 trains as well as Franklin Avenue's multiple restaurant and cafe life, 162 Crown Street is a sophisticated architectural statement defined by its rare dimensions and forward-thinking upgrades.
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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