406 GREENE Avenue #2
About This Property
Located on the second floor of a historic and immaculately restored 20' wide brownstone, this architect designed two-bedroom, one-bathroom floor-through condo features a modern layout and a private terrace.
Inside this home the thoughtful layout begins with a spacious open-plan living/dining room and a beautiful olive green kitchen with brand new appliances and breakfast bar. Featuring Castlebury weathered oak floors, a beautiful tiled bathroom with deep Kohler soaking tub, energy efficient heating and cooling systems, an in-unit washer/dryer and extensive storage throughout. Large modern windows frame garden and tree-top views of one of the prettiest blocks of western Bedford Stuyvesant. This private three unit building also has beautiful common spaces, including a newly landscaped common roof deck, custom designed steel staircase and comfortable lobby area.
Surrounded by Clinton Hill and Fort Greene this lovely tree-lined Bedford-Stuyvesant block is at the epicenter of exciting Brooklyn living. Lovely playgrounds and parks dot the nearby streets, and the borough's best restaurants and sweetest cafe's are right outside your door, including Stonefruit, For All Things Good, Aita, Speedy Romeo, Dreamery, Bar Birba, Commune, Place des Fetes, Izzy Rose and Macosa Trattoria. Access to transportation is excellent with the G, A & C train, bus service and CitiBike stations all nearby.
Some photos have been virtually staged. Complete terms are in an offering plan available from sponsor, F3J LLC NY Corp file no. CD23-0333
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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%.
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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 9, 2024 | Price Decreased |
$1,125,000
↓ $75K
(6.3%)
|
|
Price Decreased | |||
Jul 17, 2024 | Listed by Brown Harris Stevens Residential Sales LLC | $1,200,000 | |
Listed by Brown Harris Stevens Residential Sales LLC |
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 2 Units
- 2 Units for Sale