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474 STERLING Place
About This Property
Enter this generously proportioned 22 foot-wide brick home through an inviting foyer featuring a large casement window with northern exposure. Natural light streams down from a stunning skylight thirteen feet above the polished floor. The expansive lower level is a soaring great room including an office area with full-height built-in shelving, fully vented open kitchen with antique country-style fixtures and stainless-steel appliances and generous space for entertaining and intimate dining. This level also includes a well-appointed half bath and generous storage/utility room with washer/dryer.
The upper floor is anchored by a cozy living room graced by light from three exposures. From this central space you can explore the primary bedroom and a smaller adjacent room suitable for a generous nursery, private office or sumptuous walk-in closet. The second bedroom offers access to an expansive outdoor space with the opportunity to create your dream deck or sunny rooftop garden. An elegantly designed European-style split bathroom completes this floor, epitomizing this home's fusion of modern minimalism with understated sophistication.
Thoughtful design throughout has resulted in a home where form meets function and is visually captivating. Intricate details abound: antique gates, repurposed French mirrored doors, reclaimed sinks, a vintage tub with modern fixtures, tin ceilings and exquisite oak flooring.
Another key feature of this home is a large accessory space accessed from the street. Studio space? Expand the interior footprint? Possibilities and potential await. An additional approximate 1,700SF FAR is available for future expansion.
At the nexus of Prospect Heights and Crown Heights neighborhoods, this property offers easy access to the area's exceptional dining, shopping and transportation. It is ideally located near Prospect Park, Brooklyn Museum and Brooklyn Botanic Garden. Come and experience the dynamic culture and amenities of this thriving community.
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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.
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About Northwestern Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017