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40 4th Place #PH
About This Property
40th 4th Place is a fully renovated condo conversion featuring bespoke modern finishes selected by renowned Marie Fuer Design Studio, this luxurious and sophisticated home has beautiful wide plank white oak hardwood floors, painted modern custom solid wood doors, high ceilings, great light, ample closet space, premium custom finishes, low monthlies and comes with deeded basement storage, and a common front garden and a common roof deck.
The penthouse duplex is a beautifully proportioned three bedroom, two bath home with two private outdoor spaces, a generously sized roof deck as well as a terrace off the main living area. Bask in fantastic natural light streaming from oversized windows as you enter into the open living room, dining, and kitchen area. An entertainer's dream, the chef's kitchen features handmade wood cabinets with paneled appliances, a Bertazzoni gas-range with custom hood, Blomberg fridge, Bosch dishwasher and Sharp microwave drawer. The kitchen is completed with an oversized white quartz counter comfortably seating four. Adjacent to the kitchen is a dining area and a terrace to BBQ, decompress and relax in peace while admiring the lovely neighborhood gardens.
Proceed down the hallway to a large coat closet, laundry room and second full bathroom featuring radiant heated floors, deep soaking tub with Italian handmade tile floors, porcelain wall tiles, Kohler fixtures and Duravit wall-mounted toilet. Conveniently situated at the end of the hall are two bedrooms with custom closets. Both bedrooms have oversized windows flooding the rooms with tons of natural light and overlook the leafy treetops of the quiet front gardens on this coveted place block.
On the upper level of the duplex, is the third bedroom with an ensuite bathroom featuring radiant heated floors, Dolomite marble, recessed medicine cabinet and brushed brass fixtures. Step directly out of the upstairs bedroom suite to the sprawling and swoon worthy roof deck.
Spread over two floors, this condo has a truly flexible layout that feels more like a townhome and accommodates a variety of living configurations with it's three bedrooms, two bathrooms, expansive main living area, two private outdoor spaces and deeded private storage.
Set back from the sidewalk through a lovely garden, 40 4th Place is nestled amongst parks and playgrounds and is ideally situated just blocks from the Carroll Street F/G trains. One of the New York City's most desirable neighborhoods, Carroll Gardens offers some of the best restaurants Brooklyn has to offer including Frankies Spuntino, Franks Wine Bar, Lucali, Mazzolla's, Le Petit Cafe, Court Street Grocers, Bar Bruno, and Abilene. Truly a must see!
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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 |
|---|---|---|---|
| Mar 19, 2021 | No longer available | - | |
| No longer available | |||
| Mar 19, 2021 | Sold | ||
| Sold | |||
| Dec 4, 2020 | In contract | - | |
| In contract | |||
| Nov 6, 2020 | Listed by Compass | $1,649,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/08/2020
|
2 Bed
|
3 Bath
|
1600 ft²
|
$1,995,000
2 Bed
3 Bath
1600 ft²
|
$1,995,000
05/27/2021
|
Nicole Galluccio
Compass
| |
|
11/06/2020
|
3 Bed
|
2 Bath
|
-
|
$1,799,000
3 Bed
2 Bath
|
$1,649,000
-8.34%
03/19/2021
|
Nicole Galluccio
Compass
| |
|
09/27/2020
|
2 Bed
|
2 Bath
|
-
|
$1,175,000
2 Bed
2 Bath
|
$1,221,800
+3.98%
03/11/2021
|
Margherita Bonanno
Compass
| |
|
06/07/2016
| |
Studio
|
-
|
-
|
$2,700,000
Studio
-
|
$2,700,000
12/12/2016
|
Nicole G Galluccio
The Corcoran Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017