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568 PARK Place
About This Property
The parlor floor of the residence unfolds around a striking floor-to-ceiling glass Nanawall that opens the kitchen to a pristine backyard, creating a true indoor-outdoor living experience. The kitchen is both refined and functional, outfitted with professional-grade appliances including a gas range with hood, refrigerator, dishwasher, and wine cooler, all set against crisp, pure-white finishes that underscore its modern aesthetic. The open plan flows effortlessly into the living room, where a sleek gas fireplace, sculptural mantel, and curated accent lighting set a warm, contemporary tone that continues gracefully up the staircase.
Both the garden and second levels are dedicated to private bedroom retreats, each featuring en-suite baths, generous proportions, and oversized windows that fill the home with natural light. Thoughtful storage abounds, from custom closets on the upper level to spacious walk-in closets on the garden level, which also houses a convenient washer and dryer. Below, the basement offers substantial storage alongside a large, flexible space ready to be tailored to your needs-whether a media room, gym, studio, or home office.
Perfectly positioned near Prospect Park, the Brooklyn Botanic Garden, and the Prospect Park Zoo, this home enjoys immediate access to some of Brooklyn's most beloved green spaces. Nearby 2, 3, 4, and 5 subway lines at the Nostrand Avenue station provide effortless connectivity, while neighborhood restaurants and cafes offer an inviting local dining scene just moments away.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017