1700 LANG PL NE
About This Property
In 2019 a complete gut renovation was completed to include all new electrical, plumbing, roof, high efficiency HVAC and furnace, flooring and appliances.
The open concept main level provides an airy living space with great sightlines through the sleek kitchen and dining area. The kitchen is beautifully designed with white quartz countertops, modern glass tile backsplash, and stainless steel appliances. The coffered ceilings accentuate the high ceilings and provide custom detail to define the spaces. Large windows on three sides stream sunlight through the entire space creating a warm and bright entertaining space.
The upper level has two generous bedrooms, one complete with an ensuite bathroom and an additional full hall bathroom. Enjoy views of the Capitol Dome and Washington Monument from both rooms. The lower level includes the full-size washer and dryer, another bedroom and full bathroom, and an additional bonus space for a gym or den. This superb home was renovated in 2019 sits on a large fenced in corner lot. The private oasis features raised garden beds allowing you to grow a flower cutting or vegetable garden with plenty of additional green space. A secure off-street parking space is also included with this home.
Conveniently located near the center of DC, you will appreciate the easy commute in and out of the city as well as close proximity to the natural beauty of the DC Arboretum and Kenilworth Park & Aquatic Gardens. You are also surrounded by restaurants, grocery stores, and shopping throughout Ivy City, H Street, Union Market and Capitol Hill!
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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 4, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Compass | $699,000 | |
| Listed by Compass | |||
| Apr 8, 2019 | No longer available | - | |
| No longer available | |||
| Sep 20, 2018 | Listed | $639,000 | |
| Listed | |||
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Super Renovation. This one has all the bells and whistles. This is a 3 bedroom/3 bath masterpiece. The open floor plan is filled with natural light. Gorgeous hardwood floors, stainless steel appliances and recessed lighting package. Private backyard with over sizedparking pad. Rare opportunity to get an end unit with extra yard space. This home is close to the H Street corridor and trolley car. The manager has listed the unit size as 974 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017