630 Vanderbilt Street
About This Property
Tired of cookie-cutter finishes? Longing for a house with character? Tucked away on leafy Vanderbilt Street, this sweet three-story home is just waiting for you to make it your own. Originally built as workers cottages, these historic row houses are rarely offered for sale. While the house has been lovingly maintained, including a new roof (2023) and recently upgraded furnace and hot water heater, its ready for new owners to renovate to their own tastes. The flexible floor plan offers many options for how to use the space, and theres even some FAR if you want to add on.
The landscaped front garden leads to a storybook front porch. The main level includes a central receiving room with stairs leading up to the bedrooms or down to the kitchen and dining area. The front parlor is currently used as an office, but could easily be converted to another bedroom (especially after you tear out the dropped ceiling!) The rear living room is bathed in light, and features one of the many decorative fireplaces. Historic details like hardwood floors with inlaid borders, plaster and tin mouldings, and carved stair railings have been preserved. Upstairs there are two bedrooms and a large dressing room/study with skylight, as well as a vintage bathroom. Downstairs, the eclectic eat-in kitchen with exposed brick and stainless appliances leads to a patio with vine-covered pergola. The established perennial garden offers year-round delights. Theres even a shed for all your gardening and storage needs. The garden level also features a recently updated bathroom with multifunction shower, washer/dryer, and an additional bedroom.
Offered for sale for the first time in nearly thirty years, dont miss this opportunity to own a sweet Brooklyn home. Some updating will be necessary, but it will be worth it to live in an impossibly charming cottage on a fantastic block in Windsor Terrace. Showings begin week of October 23. Co-broking agents always 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.
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 |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2023 | In contract | - | |
| In contract | |||
| Oct 19, 2023 | Listed by Realty Collective LLC | $1,365,000 | |
| Listed by Realty Collective LLC | |||
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About South Brooklyn
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017