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508 Waverly Avenue #5
About This Property
Step directly into your private sanctuary from the keyed elevator, where high ceilings and floor-to-ceiling windows invite an abundance of natural light, creating an airy and open ambiance. The expansive living area, adorned with rich hardwood floors, seamlessly flows into a chef's kitchen, equipped with top-of-the-line appliances and a thoughtfully designed open layout perfect for entertaining.
The primary suite is a true retreat, featuring a luxurious ensuite bathroom with ambient heated floors and a spacious walk-in closet, providing ample storage for your wardrobe. Relish in the tranquility of your private balcony, or ascend to the common roof deck to enjoy panoramic views of the Brooklyn neighborhood. The additional bedroom and bathroom provide versatility and comfort, with an Italian imported Compatto Revolving Murphy bed that effortlessly transforms your daily office into a welcoming bedroom to accommodate guests. This abode also includes the convenience of a stackable washer & dryer, central HVAC, smart light switches for modern living, and private storage located in the basement, ensuring comfort and convenience year-round.
Unit 5 at 508 Waverly Avenue is a unique gem within a boutique condo building in the highly coveted neighborhood of Clinton Hill. It offers a refined lifestyle with exceptional amenities and a prime location. Only a block away, you can easily catch the C train at Clinton/Washington or grab a bike from the nearby CitiBike dock. Plus, the G train is just a few blocks away, giving you quick access to Williamsburg and Greenpoint. Seize the opportunity to make this elegant residence your new home.
Listed By

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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.
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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.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 8, 2025 | In contract | - | |
In contract | |||
Jan 29, 2025 | Price Decreased |
$1,399,000
↓ $96K
(6.4%) | |
Price Decreased | |||
Dec 3, 2024 | Listed by Compass | $1,495,000 | |
Listed by Compass | |||
Jul 19, 2022 | Sold to Richard Charles Brown | ||
Sold to Richard Charles Brown | |||
Apr 11, 2022 | In contract | - | |
In contract |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/21/2022
|
2 Bed
|
2 Bath
|
985 ft²
|
$1,395,000
2 Bed
2 Bath
985 ft²
|
$1,395,000
07/19/2022
|
Christine Blackburn
Compass
| ||
02/11/2022
|
2 Bed
|
2 Bath
|
985 ft²
|
$1,375,000
2 Bed
2 Bath
985 ft²
|
$1,310,000
-4.73%
07/21/2022
|
LIOR BARAK
Compass
| ||
02/08/2022
|
2 Bed
|
2 Bath
|
985 ft²
|
$1,495,000
2 Bed
2 Bath
985 ft²
|
$1,450,000
-3.01%
07/12/2022
|
Christine A Blackburn
Compass
| ||
02/03/2022
|
2 Bed
|
2 Bath
|
985 ft²
|
$1,150,000
2 Bed
2 Bath
985 ft²
|
$1,180,680
+2.67%
07/27/2022
|
Christine Blackburn
Compass
| ||
02/03/2022
|
2 Bed
|
2 Bath
|
985 ft²
|
$1,200,000
2 Bed
2 Bath
985 ft²
|
$1,263,420
+5.29%
07/26/2022
|
Christine Blackburn
Compass
| ||
02/03/2022
|
1 Bed
|
2 Bath
|
1156 ft²
|
$1,350,000
1 Bed
2 Bath
1156 ft²
|
$1,400,000
+3.70%
07/20/2022
|
Christine Blackburn
Compass
|
Building Info
