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222 14TH Street
About This Property
Inside you will discover many of the home's original details, including tin ceilings, built-in wooden cupboards and curio shelves, decorative fireplaces and mantles, and an original kitchen hearth. High ceilings on the parlor floor and skylights on the top floor fill the space with natural light. The lush backyard garden - with hearty raspberry bushes, fragrant peonies, flowering rose and hydrangea bushes, as well as dozens of other curated plantings including a beautiful dogwood tree - is a tranquil oasis in this vibrant and thriving Brooklyn neighborhood.
Currently configured as two distinct 2-bedroom units each occupying 1.5 floors, this single-family home can easily be reconfigured back to its' original layout if desired. With roughly 1,500 square feet of additional FAR available (please confirm with your architect), expansion opportunities abound. The basement has a laundry area as well as a tremendous amount of storage and workshop space, and is easily accessible from both interior and exterior stairs.
The location is ideal! Just steps from fabulous Fifth Avenue, with a huge array of neighborhood favorite spots including Le French Tart, The Black Horse Pub, The Prospect Restaurant, and Commonwealth Bar, just to name just a few. Fitness enthusiasts will appreciate Crunch Gym, Harbor Fitness, Studio Pilates South Slope, and Jukebox, all literally around the corner. Prospect Park, the crown jewel of Brooklyn is only four blocks away, and the F, G and R subway lines are short walk to 4th Avenue/9th Street stations. Currently zoned for PS 124 (right on the corner!) and school District 15.
This one won't last, so don't miss your opportunity - schedule an appointment and come see it today!
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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.
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About South Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017