618 Monroe Street #201
About This Property
***Sponsor pays 3% of closing costs on all full asking price contracts signed by July 31st, 2020***(BR>
618 Monroe Street, situated at the border of Stuyvesant Heights and Bedford Stuyvesant Brooklyn, is a ten-unit (10 Unit) boutique condominium featuring a collection of studios (0BR), one-bedroom (1BR) and two-bedroom residences (2BR).
The full concrete structure rises four stories tall, featuring a distinctive mix of textured bricks and white stucco. Oversized windows and seamless glass balconies further enhance the fa?ade. Beyond aesthetics, the developer installed additional insulation to create true temperature-control throughout the residences while acting as a sound barrier for the shared walls between units. Furthermore, the Mitsubishi ducted, electric heating and cooling systems contain increased BTU's in order to provide faster heating and cooling for the larger residences.
Top of the line electric appliances include a Fisher & Paykal refrigerator and a Bosch 800 series range. The two-bedroom residences feature an integrated Bosch 800 dishwasher and a vented electric LG large capacity W/D. The one bedroom and studio residences feature an integrated Fisher & Paykal dish drawer and LG large capacity ventless combo.
The monochromatic kitchen is sure to compliment an eclectic mix of buyers. The neutral palette will easily allow any resident to fully express creativity with respect to interior design. The bathrooms are well appointed spaces with classic features. Brushed Nickel faucets, clean white sinks and grey vanities adorn each space. The Master en-suite bath encompasses a blend of warm grey, marbled subway tiles combined with oversized marble slabs.
618 Monroe boasts key building amenities including a rooftop terrace, shared backyard, private storage spaces, wellness room and bicycle storage. The property is surrounded by the classic serenity of Brownstone Brooklyn and the energy of a culturally diverse community with superb dining, craft cocktail joints, homemade marketplaces, and destination hangouts.
Local favorites include: Peaches Hot House, Saraghina, The Silky, Bed-Stuy Fish Fry, Lantogoniste, and many more! Nearby subway lines include Gates J, Z stop and the Utica A, C train. Pets are welcome.
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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