2102 ALBEMARLE Terrace
About This Property
Positioned prominently on the corner of East 21st Street and Albemarle Terrace, this is the largest home in the district-and one of the very few to offer the rare luxury of private parking, complete with both a garage and driveway.
A true Colonial Revival gem, the home has been meticulously reimagined to honor its architectural heritage while introducing a refined, whimsical sophistication. The restoration thoughtfully preserves original millwork, moldings, and beautifully maintained wood casement windows-each carefully restored, repaired, and weatherproofed-while layering in bold, contemporary finishes that create a vibrant yet timeless aesthetic. The parlor level is grounded by elegant herringbone flooring, while the remainder of the home features original hardwood floors throughout, further reinforcing its historic integrity.
The layout is exceptional, defined by a classic center hall plan and grand proportions throughout. Upon entry, a gracious foyer leads to a formal living room adorned with original built-ins, a fireplace, and exquisite detailing. Opposite, a formal dining room continues the theme of elegance with additional built-ins, seamlessly connecting to a fully renovated kitchen outfitted with stainless steel appliances and modern finishes. This level also offers a convenient powder room and direct access to an expansive backyard-perfect for entertaining or quiet retreat.
The second floor features two impressive almost 20-foot-wide bedrooms with generous closet space, along with a beautifully renovated full bath. A third bedroom opens to what Landmarks has referred to as a "sleeping porch"-a charming and flexible space ideal for a bedroom, home office, or playroom.
The top floor is a private sanctuary, dedicated entirely to the primary suite. This level offers a sprawling bedroom, a luxurious oversized bath, a dressing room, and an additional bedroom perfect for a nursery or home office, along with the convenience of a dedicated washer and dryer.
The finished basement adds even more versatility, complete with a second laundry area, a half bath, ample storage, and additional living space including a bonus room suited for a variety of uses and a wet bar area.
In total, the home offers five bedrooms, two full baths, and two half baths. Every major system has been upgraded, including brand new electrical, plumbing, and roofing, ensuring modern reliability behind its historic facade.
Perfectly positioned, the home is just moments from Prospect Park and only a block from the Church Avenue station with access to the Q/B line, offering seamless connectivity throughout Brooklyn and into Manhattan.
This is a rare opportunity to own a home of true scale and character in one of Brooklyn's most architecturally significant and visually stunning enclaves-where historic charm, thoughtful design, and modern luxury converge, complete with the ultimate rarity: private parking.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 23, 2026 | Sold | ||
| Sold | |||
| May 21, 2026 | Price Decreased |
$2,875,000
↓ $125K
(4.2%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Revived Residential | $2,999,999 | |
| Listed by Revived Residential | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017