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476 State Street
About This Property
Upon entering this very warm, love filled home which has been in the same family for decades and has some pretty awesome original period details still intact, you will find a very well laid out open floorplan. The sitting area has a decorative fireplace with the original mantle! The floors are in great condition and this nice open layout with kitchen towards the center really balances out the floor space; leading to the sun drenched south facing garden! A perfect scenario for planting and entertaining. This enchanted garden is oh so romantic whether its in full bloom or in middle of fall.
This home was lived in as a single-family home, however large enough to be converted into a 2 family. The Parlor floor has awesome period flooring, as well as great plaster medallions and the eye-catching original Pier Mirror! What a treat! The double doors and high ceilings are just what every townhome buyer would appreciate!
The upper 2 floors can easily be its very own duplex with gas already hooked up, and there is a bathroom on every floor making it so easy to create extra income with very high earning potential. This home boasts 4 stories, a full cellar, a large front yard and a wonderful location all within District 15 Schools a highly desired district. 476 State Street is surrounded by indie stores, trendy bars, restaurants, galleries, BAM and Barclay Center just to name just a few. Easy transportation options with access to the A, C, G, B, Q, R,2,3,4 and 5 Subway lines.
The possibilities are endless, whether you are seeking a single-family home with space for the In-laws or nanny, whether you are considering creative passive income to offset a mortgage, or perhaps an investment vehicle with great return potential 476 State Street offers the flexibility to suit just about any desire!
Come visit! Get those Just moved cards ready because this is the one home you do not want to miss!
** Square footage is approximate and does NOT include the cellar which has an additional full footprint approx.660 sq feet full height.
*currently zoned in District 15 please call the schools directly to verify. * all information is deemed reliable but may not be accurate please contact the appropriate city agencies to verify* tax information is deemed reliable but must be verified.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2022 | Sold | ||
| Sold | |||
| Feb 4, 2022 | In contract | - | |
| In contract | |||
| Jan 9, 2022 | Listed by Tyler Vincent Real Estate Inc. | $3,495,000 | |
| Listed by Tyler Vincent Real Estate Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017