222 11TH ST NE
About This Property
Despite its unassuming facade, this oasis offers unparalleled elegance and seclusion. Entering through the secured gate, you'll find the expansive 5,000 plus -square-foot lot, one of Capitol Hill's largest, making this residence exceptional. Beyond the threshold lies a secret garden sanctuary with lush flower beds, shrubs, trees, a shimmering swimming pool, and inviting patios and decks. The exterior features gray painted brick accented with wood trim, exuding timeless elegance. The 16' by 38' heated pool, surrounded by travertine marble tiles, is adorned with fountains and LED lighting. - totally magical with lighting after dusk. A covered brick patio beneath the upper deck provides a tranquil retreat, while the front porch with pressure-treated pine decking beckons you home. Inside, the home spans almost 5,000 square feet of comfort and sophistication. From the foyer, enter an elegant living room with a marble fireplace and French doors leading to the front patio. The den offers built-in shelving and a bay area ideal for a library or media room. A spacious dining room features French doors opening to a covered deck and courtyard, perfect for indoor/outdoor dinner parties. The kitchen, renovated in a warm Mediterranean style, boasts vaulted ceilings, high-end stainless appliances, Italian ceramic tile floors, painted wood cabinets, and granite countertops, with skylights accentuating an exposed brick wall. There is a round breakfast bar and spiral staircase leading to a private home office above the carriage house. The adjoining huge family room with multiple walls of built-ins, gas fireplace, and French doors opening to courtyard and provides perfect space for casual indoor/outdoor entertaining. Upstair, the primary bedroom features oak hardwood floors, built-in shelves, an enormous walk-in closet, and French doors opening to a balcony overlooking the courtyard and pool. The luxurious primary bathroom has authentic mosaic marble tile, heated floors, exquisite cabinetry, and a walk-in glass-enclosed shower. Three additional bedrooms and two full bathrooms offer comfort and versatility, with two bedrooms sharing a balcony.
The neighborhood amenities of this Capitol Hill block include walking distance to Lincoln Park, cafes, a nearby Trader Joe's, and Eastern Market with indoor and outdoor markets open year-round. This amazing property offers privacy, space, and elegance in an estate-like setting.
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 11, 2024 | In contract | - | |
| In contract | |||
| Jul 11, 2024 | Price Decreased |
$3,250,000
↓ $200K
(5.8%) | |
| Price Decreased | |||
| Jun 19, 2024 | Listed by TTR Sotheby's International Realty | $3,450,000 | |
| Listed by TTR Sotheby's International Realty | |||
Property Highlights
Building Info
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Price/ft²
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017