2514 Prospect Avenue
About This Property
This exceptional residence blends comfort style and functionality It begins with a bold statement a striking emerald green front door accented in gold setting an elegant tone as you enter The interior features a spacious layout including a formal dining area and a generous living room centered around a charming fireplace perfect for both relaxing evenings and entertaining guests
The upper level is dedicated to a private and expansive primary suite complete with its own fireplace and an adjacent laundry room for added convenience The remaining bedrooms are thoughtfully distributed throughout the home providing both comfort and privacy for family members or guests
The home has been fully renovated from top to bottom showcasing a brand new kitchen modern flooring fresh interior and exterior paint recessed lighting and professionally landscaped front and back yards Large windows and updated lighting create a bright welcoming atmosphere in every room
Located behind the main residence the detached bonus unit offers incredible flexibility whether used as a guest house home office in law suite or converted into an ADU This additional space adds valuable living options and long term potential
Perfectly situated on a quiet street and just minutes from Montrose Village you will enjoy close proximity to local shops cafes farmers markets and top rated schools
This is a rare opportunity to own a spacious move in ready home in one of Montrose's most desirable neighborhoods
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2025 | Sold | ||
| Sold | |||
| May 1, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by JohnHart Real Estate | $1,650,000 | |
| Listed by JohnHart Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017