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597 17TH Street
About This Property
Ascending the steps to the owner's unit, the front patio offers a cozy spot for welcoming mornings or relaxing afternoons. The owner'sunit welcomes you with a foyer, leading to a sun-lit and spacious living room.The dining area and eat-in kitchen provide an equally bright and airyatmosphere. For added convenience, a half bathroom is located just off thehallway on this floor. Moving upstairs, you'll find two generously sizedbedrooms and a smaller, yet still capacious, third bedroom. Bedrooms presentsufficient closets. Access to a full bathroom is available from both thehallway and the primary bedroom. The owner's unit has convenient interioraccess to the garage and a finished basement with an additional full bathroom,laundry and an exciting feature: a bar for your enjoyment and entertainment.
The ground floor walk-in unit is a substantial one-bedroom, one-bathroom unitthat can serve as a valuable source of rental income. Do not miss your chanceto see this property on a highly sought after tree-lined street. Prospect Park,the Farmers Market on Wednesdays and Sundays and a supermarket are around thecorner. Charming cafes, quirky boutique shops, a casual bar scene and aNitehawk movie theater give plenty to do without getting far from home. Pleasenote that the house is being sold as is.
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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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jun 8, 2024 | Listed by Brown Harris Stevens Brooklyn LLC | $2,200,000 | |
| Listed by Brown Harris Stevens Brooklyn LLC | |||
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About South Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017