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654 Vanderbilt Street
About This Property
Enter at the top of the stoop into a lovely, open living and dining room. The huge, windowed kitchen features a 48-inch side-by-side refrigerator and freezer, a Wolf professional range, dual sinks, a filtered water tap, a wine fridge, and enormous pantry space.
Upstairs, you'll find three bedrooms, two renovated bathrooms, and two skylights filling the home with light.
The garden level has the elusive 4th bedroom with its own full bathroom, and a bright rec room with double doors leading to the huge garden. There is a large deck off the kitchen for grilling or planting, and under that deck is an amazing, covered patio.
Renovation Upgrades include:
- New high-efficiency boiler (three zones of radiators) and new hot water storage tank.
- Central AC regulated by in-wall sensors.
- In-floor hydronic radiant heating in the basement regulated by in-wall and in-floor sensors.
- Radiant heat in all the bathrooms with local thermostat controls
- New plumbing and wastewater system throughout (including fully replaced pipe from house trap to the mains).
- Fully restored exterior and roof.
- Spray foam insulation throughout all exterior walls and loft.
- Exterior foundation wall fully upgraded and waterproofed.
- All new windows and skylights with double-glazed glass throughout, with screens.
- Newly installed 200 amp service with fully rewired electrical system.
- Full house wired internet and security camera system
- Central rack-mounted AV and internet system.
The location is A plus, conveniently located just down the block from Prospect Park, with the F train nearby and easy access to the Prospect Expressway to whisk you into lower Manhattan in 15 minutes. This is a rare, fully renovated home in one of Brooklyn's best residential pockets off Prospect Park.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017