61 78TH Street
About This Property
A lovely foyer greets you upon entering with French doors, where you can comfortably remove shoes and store coats in your coat closet. You continue into the bright front entry hall, where a cluster of curved elongated bay windows overlooking your front garden welcome you. Perfect for reading a book, social media scrolling, a catch up on your day spot.
The elegance continues straight into your sprawling first floor living room layout. It offers beautiful original refinished oak hardwood floors, high ceilings with recessed lighting, new crown molding, new paint and oversize windows with custom window treatments throughout.
Your formal dining room is spacious with unique access to the lower level via a custom oak stairway. Just one of two ways of getting to your lower level. Another plus is a hidden half bath on the main floor.
Enjoy cooking in your new white eat-in kitchen which overlooks not just the entire first floor layout, but your newly fenced Zen backyard garden oasis, professionally designed by a landscape designer. Offering custom cabinetry throughout with an abundance of storage, imported Italian backsplash tile, plenty of prepping space on your sleek white Quartz countertops including a large breakfast bar island. Your yard is easily accessible through the kitchen onto your maintenance free Trex deck. Great for hosting summer BBQs and spring brunches.
The upper level offers a unique layout. Currently used as an expansive two bedroom with a massive custom-built Closet Room that can easily be transformed back into a third bedroom (See floorplans). This level also offers a new full bathroom with Quartz counter top vanity and lots of storage. You have access to an unfinished full attic which has a blank canvas for you to finish to your liking, potentially turning into a fourth room.
The lower level was designed to feel as part of the living space. With access from within the home and its own outside entrance. Delightfully bright, this pristine space offers use for another bedroom, den, recreation room, fitness area, office, and more. With high ceilings, recessed light, new windows, new white floor porcelain tiles throughout, open laundry room with new washer and gas dryer just outside your new second full bathroom with plenty of storage. Additionally, there is a large hidden L-shaped Costco Closet and your very own separate utility workshop room. Great for DYI projects, crafting and more. IT IS IMMACULATE!
Additional home features are new electrical, new plumbing, new outlets with USB chargers, new gas meter, new ring doorbell security system, new split unit systems throughout, new roof on BOTH home and GARAGE, auto garage door
opener, new washer and gas dryer, new white PVC fence around yard and more.
61 78th Street is located on a beautiful tree lined block just a block and a half from Shore Road Park and promenade. Fort Hamilton High School and Athletic Field, Bay Ridge Prep Lower & Middle Schools and Adelphi Academy of Brooklyn to name a few are within distance. Along with Restaurant Row on Third Ave with a plethora of restaurants like Michelin Star Restaurant Tanoreen awaits you. Plenty of Shopping and transportation available which includes Buses B4 just down the corner, X27, X37 Express buses into Manhattan off Shore Rd and 75th Street and the R Train off of the 77th Street Train Station.
Make your appointment today to see this unique move right in haven!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017