56 Rutland Road
About This Property
The home's striking L-shaped stoop leads to an impressive front entrance, highlighted by Romanesque carvings and the original wood-and-glass double doors, which have been beautifully preserved. Inside, the parlor floor welcomes you with elegant pier mirrors, intricate moldings, and original parquet floors. This level features a formal living room at the front, a cozy lounge area with a fireplace in the middle, and a spacious library, also complete with a fireplace.
On the garden level, the kitchen offers easy access to the private backyard, accompanied by a full bathroom and a formal dining area with meticulously maintained built-in cabinetry.
The second floor is home to two generous bedrooms and a full bath. The rooms are connected by a shared walkthrough closet and vanity area. The third floor offers two additional bedrooms, another full bathroom, and a secondary kitchen.
The finished cellar, with its high ceilings, contains the mechanical room and an old-fashioned bar, adding a nostalgic touch to the home's history.
Throughout the house, you will find an abundance of original details and exquisite woodwork, preserving its historic charm. As a shining example of late 19th-century architecture in the Prospect Lefferts Historic District, this residence offers incredible potential. With some vision and expertise from an architect or contractor, it is easy to see how this grand home could be revived to its full glory. A must-see property.
56 Rutland Road is situated on a picturesque tree-lined street in Prospect Lefferts Gardens, just three blocks from Prospect Park. With easy access to the Q train and an array of local dining spots like Bomberino, Trove Wine Bar & Kitchen, and Silver Rice, this is Brooklyn living at its finest.
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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 |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Feb 18, 2025 | Listed by Compass | $2,995,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017