23 N ELLIOTT Place #1
About This Property
The roomy layout lends itself to multiple configurations. The open floorplan on the top floor has a thoughtfully designed kitchen with white wood cabinetry, black soapstone countertops and backsplash, and stainless steel appliances including a dishwasher and Fisher & Paykel fridge, wall oven and cooktop. West-facing windows bring in gorgeous afternoon light and offer views of Commodore Barry Park across the street.
Down the hall, nicely separated from the living space, the primary bedroom is immense with two large closets and lovely views of the back garden through three oversized windows. The main bath has stylish finishes and fixtures including hex floor tile, black Kohler faucets, a deep soaking tub, a rain showerhead, and beautiful ceramic wall tile. A stacked washer/dryer is discreetly tucked inside the closet between the bedroom and bath. Lovely wide-plank hardwood floors can be found throughout the upper level.
Down the stairs you'll find a bright and airy flex space to use however you see fit-a family room, home office, gym, guest space, etc. Two large windows and the door to the patio bring in beautiful light. A perfect powder room plus a great under-the-stairs nook add more function to this lovely space. The charming private outdoor space feels like a secret oasis. Complete with electricity and a water spigot, gardening, dining or simply relaxing outside is a step away.
The apartment has central air and heat, bike storage in the common area, and low monthlies with 15 years left on the tax abatement. Pet friendly too!
In a four-unit condo in Fort Greene's Wallabout section, the location is great! Near the Brooklyn Navy Yard, Wegmans, King's County Distillery, Russ and Daughters, and surrounded by great dining and shops, Clinton Hill, Fort Greene Park and Dumbo are all just a stone's throw away. Commodore Barry Park across the street offers a wonderful place to swim and enjoy the playground and ballfields.
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 27, 2023 | Sold to Nicolea Llc | $865,000 | |
Sold to Nicolea Llc | |||
Jun 20, 2023 | In contract | - | |
In contract | |||
Jun 1, 2023 | Price Decreased |
$875,000
↓ $24K
(2.7%)
|
|
Price Decreased | |||
Apr 20, 2023 | Listed by Corcoran Group | $899,000 | |
Listed by Corcoran Group | |||
Aug 4, 2019 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/20/2023
|
1 Bed
|
2 Bath
|
958 ft²
|
$899,000
1 Bed
2 Bath
958 ft²
|
$865,000
-3.78%
09/27/2023
|
Heather McMaster
Corcoran Group
|
||
10/05/2018
|
1 Bed
|
2 Bath
|
958 ft²
|
$795,000
1 Bed
2 Bath
958 ft²
|
$809,509
+1.83%
08/01/2019
|
Karen Talbott
Corcoran Group
|
||
01/12/2018
|
1 Bed
|
1 Bath
|
596 ft²
|
$715,000
1 Bed
1 Bath
596 ft²
|
$722,000
+0.98%
08/23/2018
|
David Beegun
Corcoran Group
|
||
12/01/2017
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$690,000
-3.50%
09/06/2018
|
David Beegun
Corcoran Group
|