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716 Dean Street
About This Property
Main Floor: The main living level features a comfortable and flexible layout for everyday living and entertaining. This floor features a spacious living room, dining room, and gorgeous open kitchen with plenty of counter space. Everything is designed for an enjoyable owner's experience: an enormous Quartz kitchen island and peninsula, a wall of drawers and cabinets, a Wolf Induction oven with a vented hood, a dishwasher, a built-in wall unit, and more. A perfectly located powder room sits at the front, along with a large coat closet. This floor also gives owners access to a large outdoor deck and backyard.
Upper Floor: The upper level is the living quarters, sporting three bedrooms and two bathrooms. The primary bedroom easily fits a king-sized bed plus end tables or dresser(s). The primary also includes an en-suite bathroom and large walk-in closet. The two additional bedrooms are well proportioned and can accommodate either Queen- or King-sized beds. A 3-piece bathroom, additional closet space, and a washer/dryer closet complete the top floor.
Lower Floor: The 1st floor, or lower level, is a gem. This space is perfect for a kids' play area, additional seating area, home office, or an additional bedroom. Pocket doors divide the floor, with one area currently set up as a guest room. The guest room has access to an en-suite bathroom. The lower level also has access to the backyard and the garage.
Outdoor Space: The large backyard is a true highlight of the property, offering great space for a variety of outdoor activities. Whether you envision hosting barbecues, dinners, growing a lush garden, or simply relaxing, this backyard provides endless possibilities for enjoyment.
Neighborhood: Prospect Heights is one of Brooklyn's most sought-after neighborhoods, known for its liveliness, convenience to public transportation, and a mix of local restaurants, cafes, and neighborhood shops. With easy access to Prospect Park, the neighborhood offers an ideal balance of residential charm and city convenience.
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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%.
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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