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618 Monroe Street #402
About This Property
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 facade. 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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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.
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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 |
|---|---|---|---|
| Apr 10, 2021 | No longer available | - | |
| No longer available | |||
| Apr 9, 2021 | Sold | ||
| Sold | |||
| Nov 23, 2020 | In contract | - | |
| In contract | |||
| Oct 14, 2020 | Listed by The Corcoran Group | $990,000 | |
| Listed by The Corcoran Group | |||
| |||
|
Welcome to 618 Monroe Street, a sophisticated, amenity rich 10-unit condominium located on the northern edge of historic Stuyvesant Heights in Brooklyn?s Bedford Stuyvesant neighborhood. A unique building exterior contains harmonious elements of warm brick and concrete textures. Offering Studio, 1-bedroom and 2-bedroom apartments, the dynamically designed units display a suite of top-of-the-line appliances, beautiful hardwood floors and oversized windows. Enter into the furnished lobby with elegant design elements. Amenities include a communal workspace, communal lounge, fitness room and common bike room. A large communal roof deck offers sweeping views of the neighborhood. That along with the shared garden allows owners plenty of options for entertaining guests outdoors.
Apartment 402 is well appointed 2 bedroom, 2 bathroom Penthouse Duplex. With just over 1,100 sq ft interior, the apartment showcases beautiful European oak floors throughout. Enjoy the private balcony that opens off the living room. The open kitchen includes a Fisher & Paykel refrigerator and Bosch dishwasher. Delta-made faucets grace the Crane Stainless steel sink and a Bosch range with outside-vented XO hood rounds out the high-end appliances. The large capacity LG washer and dryer are tucked away within the unit?s additional closet. A 55 sq ft deeded storage unit is included.
The unit boasts an abundance of both eastern and northern light. The bathrooms on both floors, tastefully designed, are wrapped in warm gray tile and comes with a countertop vanity, brushed nickel Gerber fixtures, a recessed shower niche and highlighted by hand-held Delta showerhead. The master bedroom on the top has plenty of storage with a walk-in closet and its own en suite bathroom. The bedroom opens onto the impressive 679 sq ft terrace with city skyline views.
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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| Sep 22, 2020 | No longer available | - | |
| No longer available | |||
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