53 JAVA Street #3B
About This Property
Welcome to 53 Java street Residence 3B, a 622 square foot elevated studio duplex with separate bedroom, spacious living and dining, chefs kitchen, dishwasher, central air and two outdoor spaces overlooking green rooftops and gardens. Upstairs you will find a 2-in-1 washer/drier, utilities and storage.
Located on the third floor, of a walkup building, this home feels like a spacious 1 bedroom, with a separate 12x 9 bedroom, a 15x11 living/dining adjoined by a hallway, and a 11x9 terrace. The Terrace is like a 2nd living room, 3 seasons of the year.
Rarely available. This is the 2nd resale of the home since the developers built this 7 unit project in 2008. Designed by trend setter design firm, Zel Designs they had vision: double height, sliding windows, white oak floors, LG and Bosch appliances, and water filtration system, an colored cabinetry and marble spa like bath and central air; very on trend in today's New Dev Market.
The apt has low monthlies, is pet friendly and is in the center of all Greenpoint waterfront has to offer. Within the block plenty of amenities to choose from including: Naked Dog, Oak and Iron, Threes Brewing Green point, Jubilee Marketplace and plenty of other restaurants. Two blocks to the Ferry and Transmitter Waterfront Park, Four blocks to the G train. Plenty of Citibike stations surrounding.
Please note the seller is offering a credit at closing to refinish the floors at full ask. Quote from Verrazano. 30-32 India Street condos will be finished summer 2025.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed by Brown Harris Stevens Brooklyn LLC | $875,000 | |
| Listed by Brown Harris Stevens Brooklyn LLC | |||
| Apr 27, 2018 | No longer available | - | |
| No longer available | |||
| Apr 26, 2018 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/10/2024
|
Studio
|
1 Bath
|
622 ft²
|
$875,000
Studio
1 Bath
622 ft²
|
$875,000
01/07/2025
|
Leigh Wallace
Brown Harris Stevens Brooklyn LLC
| |
|
02/07/2018
|
1 Bed
|
1 Bath
|
622 ft²
|
$695,000
1 Bed
1 Bath
622 ft²
|
$695,000
04/26/2018
|
Jonathan Tager
The Corcoran Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017