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175 PROSPECT Park #4F
About This Property
Imagine blue skies and tree tops every day and panoramic sunset views greeting you every night. Step into The Algonquin, where you'll find one of the most spacious units in the building, offering the perfect blend of charm and modern comfort. This delightful 2-bedroom abode boasts abundant natural light throughout the day, thanks to its multiple exposures.
Located on the serene top floor, this unit showcases a flexible layout and alluring pre-war details, including soaring 10' high ceilings, brand new hardwood floors, elegant crown molding, French doors, dishwasher, and ample storage space. Plus, it comes with an additional 36 square foot secured storage cage in the basement.
The expansive, windowed kitchen seamlessly connects to the dining and living area, creating an inviting, open atmosphere. Shareholders can relish in the tranquility of the beautifully landscaped courtyard and community garden just steps away from the Art Deco lobby. And with Prospect Park right outside your door, nature's embrace is always within reach.
Pet-friendly and professionally managed, The Algonquin fosters a warm community atmosphere, backed by robust financials and diligent maintenance by a full-time superintendent. Stroller parking is conveniently available in the lobby, while laundry facilities and complimentary bike storage are provided in the basement.
Nestled on the corner of Prospect Park Southwest and Reeve Place, The Algonquin enjoys a prime location in Windsor Terrace - one of Brooklyn's most vibrant neighborhoods! Just three short blocks from the Fort Hamilton F/G stop, residents have easy access to all the treasures of Windsor Terrace, including neighborhood favorites such as the Vanderbilt Playground, Le Paddock, CENA, and Elk Caf .
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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 25, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | Listed by Serhant LLC | $799,000 | |
| Listed by Serhant LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/09/2024
|
2 Bed
|
1 Bath
|
-
|
$799,000
2 Bed
1 Bath
|
$799,000
09/25/2024
|
Abigail Palanca
Serhant
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017