264 78TH Street
About This Property
The curb appeal begins with its graceful barrel-fronted exterior and a classic Brooklyn stone stoop overlooking a charming garden with Japanese maple, perennial flowers and bird bath.
Enter the parlor level, where you'll find a spacious and bright living room with bay windows, beautiful mahogany parquet flooring with inlays, picture moldings and 9+ foot ceilings. This level includes a very useful powder room and entrance closet. Next, the dining room is an entertainer's dream with its beamed ceilings and natural flow to the open-concept kitchen. The recently renovated chef's kitchen boasts premium stainless steel appliances, generous counter space with white stone countertops, ample storage, vented range hood and a farmer's sink with gooseneck faucet.
The period details continue upstairs with 3 bedrooms, offering ample light from the 3 skylights. The primarysuite enjoys the romance of bay windows, crown molding and a ceiling medallion, adjoined by a walk-in closet installed with Elfa shelving. The tastefully renovated main bathroom has a classic clawfoot tub and Restoration Hardware cabinet and sconces, and an elegant pedestal sink. The remaining 2 bedrooms enjoy sunny views of the back garden. Above, a new roof was installed in 2018.
The fully finished lower level serves as a versatile space, ideal for a home entertainment/gaming room, guest area, home office, or gym. For added convenience, it includes a newly-renovated full bathroom and laundry room, with large capacitySamsung washer and dryer.
Outside at the back, an elevated paved patio is perfect for morning coffees or summer BBQs. It overlooks a tranquil back yard with brick pavers. The beautiful garden, featuring a convenient drip-irrigation system for low-maintenance care, is adorned with maple, dogwood, roses, irises, bluebells and other perennial flowers to enjoy throughout the seasons.
This home is conveniently situated 1.5 blocks to the 77th St R train station, and near express bus and commuter ferry stops, minutes away from the restaurants, shops and cafes along 3rd Avenue. Move-in ready, it epitomizes the best qualities of Brooklyn living - schedule your showing today!
Lot Size: 17.50 x 109.33
Building Size: 17.50 x 40
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017