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2019 AVE R
About This Property
Rare Opportunity in the Heart of Madison!
Welcome to 2019 Avenue R, a fully detached single-family home situated on a generous 30' x 105' lot in one of Brooklyn's most sought-after neighborhoods. Whether you're an end user looking to personalize a home over time, a buyer ready to undertake a full renovation, or an investor seeking your next project, this property offers exceptional flexibility and potential.
The home is functional and offers the opportunity to move in and update at your own pace, while also presenting tremendous upside for those looking to complete a full renovation or explore redevelopment possibilities. With detached homes on oversized lots becoming increasingly difficult to find in Madison, opportunities like this are truly rare.
Ideally located near neighborhood shopping, restaurants, parks, schools, houses of worship, and public transportation, this home combines the convenience of city living with the charm and appeal of one of South Brooklyn's most established residential communities.
Competitively priced to sell, 2019 Avenue R represents an outstanding value in today's market. Whether your vision is to preserve and enhance the existing home, create your dream residence through a complete renovation, or maximize the property's long-term potential, this is a rare opportunity to secure a premier piece of real estate in a location where quality homes continue to be in high demand.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Listed by Douglas Elliman Real Estate | $1,299,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017