2119 ALBEMARLE Terrace
About This Property
The parlor level is open, bright, and beautifully connected to its front and rear gardens. The living room centers on a large working fireplace and triple bay windows overlooking the deep front garden. French windows in the dining room frame the private back garden and draw light through the full depth of the floor. The renovated kitchen is finished with stone countertops, stainless steel appliances, and a windowed butler's pantry. From the kitchen, the original Dutch door opens onto the rear garden, where a bluestone patio is bordered by viburnum, climbing hydrangea, and Japanese tree peonies. A sweet rear walkway connects the gardens on this row with the one behind it, fostering a rare sense of community and quiet found only in this landmark district.
On the upper floors, there are five bedrooms and three full baths (one with a steam shower). Each room has a distinct character, excellent light, and a sense of privacy that is unusual in townhouse living. The primary bedroom suite is a particular retreat with wide spans of windows looking onto the quiet beauty of the rear gardens.
The finished lower level is inviting, and can be used as an oversized recreation, media, or music room. There is also ample storage, a dedicated laundry room, half bath, and direct access to the garden from this floor.
What sets this house apart, beyond its classic architecture, is the setting. Albemarle Terrace is one of Brooklyn's most unusual historic enclaves. It is defined by its charming front gardens that allow the homes to be set back from the street, its remarkable quiet, and its unique back footpath that serenely links the homes and lends the district an uncommon sense of continuity and neighborliness.
Located just two blocks from the restored Kings Theatre and close to Prospect Park, 2119 Albemarle Terrace offers a genuinely peaceful residential setting and a quick commute to Manhattan. I look forward to welcoming you to tour this 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%.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017