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435A CLASSON Avenue
About This Property
Located at the crossroads of Clinton Hill and Bedford-Stuyvesant, 435A Classon Avenue is a thoughtfully renovated two-family townhouse configured as an owner's upper triplex over a garden-level residence, complete with a finished cellar. Spanning over 3,000 square feet, the upper triplex offers four bedrooms, two full bathrooms, and a powder room, while the garden unit features a one-bedroom, one-bathroom layout.
The triplex begins on the parlor floor and presents a classic layout reimagined with an open, modern flow. A spacious kitchen serves as the centerpiece, appointed with a large island, premium GE Monogram appliances, and custom cabinetry. This level also includes a dedicated dining area, a powder room, and a sunlit living space with sliding doors that open to an east-facing deck and a landscaped private backyard.
The upper floors provide four generously proportioned, full-width bedrooms, complemented by two full bathrooms-including one en-suite-along with abundant closet space and a dedicated laundry room.
Throughout the home, refined finishes seamlessly blend historic character with contemporary design. Notable details include wide-plank flooring, high ceilings, exposed brick, decorative fireplace mantels, and carefully restored original elements. A central HVAC system with an efficient split configuration ensures year-round comfort.
The garden-level unit offers flexibility for rental income or can be incorporated into the main residence to create a single-family home. The finished cellar provides additional versatile space, ideal for recreation, fitness, or storage.
Set on a picturesque tree-lined block among similarly updated homes, the property is conveniently located near public transportation, as well as a dynamic mix of neighborhood dining, cafes, and local shops.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017