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2201 CELERY AVENUE
About This Property
A broad wraparound porch sets the tone before you ever step inside. Beyond the front door, the gracious central hall introduces beautifully preserved woodwork and connects generous living and dining rooms filled with architectural detail. The kitchen embraces the home's personality with blue cabinetry, a farmhouse sink, center island, breakfast bar and memorable vintage-style range, complemented by updated appliances.
One of the home's greatest advantages is its unusually flexible layout. A first-floor primary suite with its own exterior entrance creates options for multigenerational living, extended guests, a private work-from-home setup or other independent living needs; the space has previously been used as a very successful short-term rental through AirBNB. Upstairs, you'll find three additional bedrooms, including a second primary suite, along with impressively sized rooms and a former sleeping porch currently used as a dressing room. Clawfoot tubs in both primary suites continue the home's historic character.
And then there is the property itself.
Step outside to an expansive paver courtyard and private saltwater pool, with recently replaced pool equipment and filtration system, creating a natural setting for entertaining and everyday Florida living. Beyond the pool, the property opens into a surprisingly large backyard with mature trees, established fruit trees and garden areas, a firepit, fencing and paddocks, animal enclosures and multiple outbuildings. A-1 zoning adds another layer of possibility for buyers looking for room to garden, keep animals or simply enjoy breathing room rarely found with a home of this character.
Additional highlights include city water, updated kitchen appliances, a newer water heater, two HVAC systems, extensive paver improvements, and recently updated pool equipment.
This is not a cookie-cutter house on a cookie-cutter lot. It is a home for someone who wants history, space, personality and possibilities-a wraparound porch for slow mornings, a pool for Florida afternoons, room for gardens and animals, and a house with enough flexibility to evolve right along with its next owner.
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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.
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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