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19 Powers Street #0
About This Property
A prized jewel with tremendous wow-factor, 19 Powers makes a striking impression with its 2 stories of meticulously-finished interiors, and phenomenal outdoor space comprised a huge secluded courtyard, and large upper northern and southern roof terraces. With approximately 2180 interior square footage, living here makes you feel like you?ve been transported to a luxury retreat where you can hideaway in solitude or entertain to the hilt!
An abundance of unique and one of a kind features must be seen to be appreciated. Among them is an entire eastern wall of wood milled from the roof joists of the original structure, an industrial metal rail system in the hallway for hanging just about anything, and Nanawall glass systems that blur the lines between indoor-outdoor living space. These innovative walls of windows and doors, found in the living room as well as main-level bedroom and spa bath with Jacuzzi sunken soaking tub, fold to expose both sides of the courtyard to create an open paradise! This is an amazing haven for lounging and hosting parties, with an ironwood deck from salvaged Coney Island boardwalk material, brick wall draped in ivy that was part of the original garage, and professionally-installed artificial turf.
Indoors is just as awe-inspiring with a soaring 28? ceiling living/dining room, double tiers of glass, a distinctive ceiling fan by Big Ass Fans, and sleek staircase with 2nd floor catwalk to the generous northern roof deck of concrete pavers. Connected to the dramatic living space is a richly-appointed open kitchen with movable furniture-grade counters and premium Wolf/Sub-Zero/Fisher & Paykel appliances. Also on the main level is an office with custom built-ins, vented washer & gas dryer, custom-outfitted coat closet, powder room, and radiant heated poured concrete floors throughout. The divine 2nd-story bedroom with an en-suite bath has glass walls that open out to its own south-facing terrace.
Run don?t walk to see this once in a (New York) lifetime gem of a home.
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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%.
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017