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196 Monroe Street
About This Property
The entry foyer unfolds into a sprawling living room that immediately welcomes you with a warm sense of home, an expansive openness, and an abundance of natural light that accentuates the elegance of the herringbone oak floors and refined finishes. The space flows effortlessly into a show-stopping chef's kitchen where custom walnut cabinetry, top-of-the-line Bertazzoni and Sharp appliances, a generous center island, Rosso Levante marble countertops, and a sun-drenched dining area come together in perfect harmony. A full wall of windows and a glass door leading to a 160-square-foot terrace, offering sweeping views of lush neighboring gardens and creating a seamless connection between indoor comfort and outdoor serenity.
As you ascend to the second floor, you will continue to be bathed in natural light streaming through a stunning skylight, leading you to the private sleeping quarters, which have been meticulously curated for both comfort and sophistication. The primary suite is a true sanctuary, featuring an expansive dressing area and a stunning en-suite bathroom awash in radiant natural light. Outfitted with premium fixtures, the spa-like retreat includes double vanities and a dual rain shower-head system, delivering the ultimate in relaxation and refinement.
Venturing into the hallway reveals an additional bathroom, thoughtfully positioned for convenience and featuring a soaking tub, beautifully tiled floors, and a skylight. Also, on this floor are two additional, generously sized bedrooms, each offering ample closet space.
Reached via an interior staircase, the fully finished basement showcases tiled floors and a powder room, perfectly suited for use as a recreation space, gym, or creative space. The private garden-level with bedroom, private bathroom, and an additional living room space provides versatile possibilities, including serving as a comfortable in-law retreat.
No expense was spared in the thoughtful renovation of this elegant residence with cutting-edge modernity. Additional highlights include a built-in speaker system, abundant storage with custom-fitted closets, and a zoned central air conditioning system.
This peaceful sanctuary is perfectly situated in one of Brooklyn's most sought-after neighborhoods, Bedford-Stuyvesant. The property offers unparalleled access to premier amenities, coffee shops, restaurants, boutiques, and close access to transportation such as the A/C and G trains, making it an exceptional opportunity for discerning buyers seeking endless potential.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017