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212 KANE Street
About This Property
Entering under the stoop, a foyer welcomes you with a large coat closet and cabinetry for easy outerwear storage. The garden level hosts the expansive eat-in kitchen, an adorable powder room, and the perfect office nook overlooking the lush garden. Abundant custom cabinetry, shelving, and granite counters, provide great work and storage space. Handmade brick tile is used for both the backsplash and to surround the wood-burning fireplace. Stainless steel appliances, including a Viking range, a Sub-Zero fridge and a Miele dishwasher, help create a true chef's kitchen.
Glass doors provide access to the verdant garden and bring in gorgeous southern light. The deep garden is beautifully landscaped with a bluestone patio, stepping up to a brick path surrounded by flowering perennials. The backyard is incredibly peaceful and offers charming views of surrounding townhouses.
The parlor level is simply stunning, boasting 12 ft ceilings, gorgeous ornate crown molding and built-in shelving and cabinetry surrounding the marble mantel of the working wood-burning fireplace. The double parlor offers great space for both a large living room and a separate formal dining room. Another charming nook, framed by large south and east-facing windows, makes the perfect reading area or home office.
On the third floor you'll find the king-sized primary bedroom suite. Complete with a four-piece bathroom-a deep soaking-tub, a walk-in shower, and a large vanity-the primary bath can be accessed from the hallway or through the passthrough walk-in closet. With custom drawers and cabinets on each side, the closet offers efficient space to house a fabulous wardrobe. Large windows overlooking the treetops of Kane Street, built-in bookshelves, and an enchanting desk space, all combine to create a serene and calm retreat.
The top floor is home to two additional bedrooms, a full-bath, and the washer and dryer. The back bedroom looks out over the gardens below, while the front bedroom has custom millwork and a window seat with storage below.
Throughout the house you'll find central air, custom window treatments, wide-plank hardwood floors, and high ceilings
Located in Cobble Hill, a block from Court Street and two blocks from Smith Street with all their fantastic shopping and dining, a few blocks from multiple subway lines, and a sort jaunt to Brooklyn Bridge Park, the location is superb!
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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