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593 4TH Street
About This Property
The parlor floor of the house includes a formal living room, anchored by a stunning decorative marble fireplace, features beautifully maintained plaster moldings and woodwork while the dining room includes the original built ins with stained glass doors, a coffered ceiling and decorative fireplace making it a perfect spot for quiet dinners at home or formal entertaining. The renovated kitchen features Sub Zero and Wolf appliances with an eat-in area and glass French doors leading to a garden patio ideal for summer entertaining.
On the second floor are two large bedrooms, one of which is currently used as an expansive home office and TV room while the other serves as a primary bedroom. This floor features hardwood floors, a fully updated, expanded, bathroom with a large vanity, bathtub and linen closet. The third floor has three bedrooms and another updated full bathroom.
The updated English basement features a large comfortable rec room and extensive custom storage built-ins and shelves. All utilities, a modern laundry room and an updated half bathroom are also located in a separate space.
This home has been lovingly maintained with updated utilities and a split ac unit on the parlor floor which can be easily expanded to the upper bedrooms.
Steps to Prospect Park and close to the Brooklyn Museum, weekend Farmer's Markets, local restaurants and public transportation, this is a move in ready opportunity. Broker Showing By Appointment ONLY!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017