171 Dikeman Street
About This Property
The parlor floor features a bedroom with two large closets, a romantic wood-burning stove, plus ensuite bath with two vanities and a double shower. A second bedroom and another full bath, plus a full-sized, vented washer and dryer, complete this level. Upstairs is a breathtaking open living/dining space with half bath and a sleeping loft, too. A dramatic rooftop skylight brings light all the way through the house. The open kitchen has soapstone counters, Blue Star range, and tons of storage for all your cooking needs. The distinctive angled front window provides stunning views across New York Harbor to Lower Manhattan. A large terrace off the dining area provides an additional outdoor room, or head up the custom steel and reclaimed wood stairs to the spectacular roof deck for the most outrageous sunset views.
The flexible floor plan allows for a variety of configurations. Downstairs youll find two more bedrooms and a large den/study with an additional kitchen. Use it to make meals in the lush garden a breeze, or to give guests and family a bit more privacy. The Adirondack-style rear shed is climate controlled and can be used as a studio, workspace or a socially-distanced guest room. The windowed basement has 7-foot ceilings and currently houses a gym plus separate storage room. The front yard was excavated down to provide ease of access to the garden level - if you choose, one of the bedrooms can be used as a legal professional space with its own private entry.
Designed by ardesign architecture and completely rebuilt, this stunning renovation resulted in a home built for energy efficiency and four-season comfort. Reclaimed timber beams provide support for the radiant heated hardwood and concrete floors. Wood stoves with glass doors offer the charm of a fireplace while providing clean, green heat. This home is not in the FEMA flood zone! Every room is climate controlled, the low-maintenance garden is irrigated, the windows and doors are custom triple-paned teak. Low, low taxes. Located three blocks from the NYC Ferry, you can be in lower Manhattan in under 30 minutes - but youll feel like youre worlds away.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017