1
Map
618 Monroe Street #201
About This Property
Apartment 201 is a sprawling 954 sq ft 2-bedroom, 2-bathroom unit. With European oak floors throughout, the open kitchen includes a Fisher & Paykel refrigerator and Bosch dishwasher. Delta-made faucets grace the Crane Stainless steel sink in the center island. A Bosch range with outside-vented XO hood rounds out the high-end appliances.
The apartment boasts an abundance of southern sunlight showcasing the high ceilings. Both bathrooms, tastefully designed, come with a countertop vanity, brushed nickel Gerber fixtures and highlighted by hand-held Delta showerhead. The en suite off the master bedroom is finished with a blend of over-sized marble; the second bathroom is wrapped in warm gray tile. With ample closet space in each bedroom, a large capacity LG washer and dryer is tucked away within one of two of the unit?s additional storage closets. A 31 sq ft deeded storage unit is also included.
Located just north of Stuy Heights, the building is central to the historical Brownstones that the neighborhood is known for. Residents are close to the Broadway corridor with a multitude of world cuisine restaurants, cocktail bars, breweries and hangouts. The Farmers Market meets at nearby Herbert Von King Park, which also houses the Almira Kennedy Coursey Amphitheatre. Two train stations are conveniently equidistant and close by: the J & Z trains at Gates Ave and the A & C trains at Utica Ave. A little further is the G train at the Bedford-Nostrand station.
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Cap Rate Calculator
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| Sep 8, 2021 | Withdrawn | - | |
| Withdrawn | |||
| Jul 20, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Sold | ||
| Sold | |||
| May 18, 2021 | In contract | - | |
| In contract | |||
| May 3, 2021 | Price Decreased |
$879,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/09/2021
|
2 Bed
|
2 Bath
|
954 ft²
|
$899,000
2 Bed
2 Bath
954 ft²
|
$875,000
-2.67%
07/19/2021
|
Alexandra Newman
Corcoran Group
| |
|
12/07/2020
|
2 Bed
|
2 Bath
|
954 ft²
|
$899,000
2 Bed
2 Bath
954 ft²
|
$899,000
05/28/2021
|
Alexandra Newman
Corcoran Group
| |
|
11/19/2020
|
1 Bed
|
1 Bath
|
630 ft²
|
$585,000
1 Bed
1 Bath
630 ft²
|
$575,000
-1.71%
03/15/2021
|
Alexandra Newman
Corcoran Group
| |
|
11/18/2020
|
Studio
|
1 Bath
|
512 ft²
|
$499,000
Studio
1 Bath
512 ft²
|
$499,000
03/19/2021
|
Alexandra Newman
Corcoran Group
| |
|
10/23/2020
|
2 Bed
|
2 Bath
|
954 ft²
|
$895,000
2 Bed
2 Bath
954 ft²
|
$885,000
-1.12%
04/22/2021
|
Mary Wyatt
Serhant LLC
| |
|
10/22/2020
|
1 Bed
|
1 Bath
|
630 ft²
|
$595,000
1 Bed
1 Bath
630 ft²
|
$580,000
-2.52%
03/25/2021
|
Alexandra Newman
Corcoran Group
| |
|
10/14/2020
|
2 Bed
|
2 Bath
|
1101 ft²
|
$995,000
2 Bed
2 Bath
1101 ft²
|
$990,000
-0.50%
04/09/2021
|
Alexandra Newman
Corcoran Group
| |
|
10/09/2020
|
2 Bed
|
3 Bath
|
1565 ft²
|
$1,195,000
2 Bed
3 Bath
1565 ft²
|
$1,125,000
-5.86%
03/03/2021
|
Alexandra Newman
Serhant LLC
| |
|
03/23/2020
|
1 Bed
|
1 Bath
|
630 ft²
|
$599,000
1 Bed
1 Bath
630 ft²
|
$580,000
-3.17%
03/25/2021
|
Justin McMahon
Elliman
| |
|
03/23/2020
|
2 Bed
|
2 Bath
|
954 ft²
|
$895,000
2 Bed
2 Bath
954 ft²
|
$895,000
04/22/2021
|
Justin McMahon
Prudential Douglas Elliman Real Estate
| |
|
03/23/2020
|
2 Bed
|
2 Bath
|
1101 ft²
|
$999,000
2 Bed
2 Bath
1101 ft²
|
$999,000
04/09/2021
|
Jessica Peters
Elliman
| |
|
03/23/2020
|
2 Bed
|
2 Bath
|
954 ft²
|
$885,000
2 Bed
2 Bath
954 ft²
|
$885,000
07/19/2021
|
Jessica Peters
Elliman
| |
|
03/23/2020
|
Studio
|
1 Bath
|
512 ft²
|
$510,000
Studio
1 Bath
512 ft²
|
$510,000
03/19/2021
|
Jessica Peters
Elliman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017