7921 Narrows Avenue
About This Property
Completed in 2014, this majestic residence welcomes you with arched double doors, wide-plank hardwood and radiant heat porcelain flooring, plus a classic center-hall layout perfect for luxurious living and entertaining. To the left, a large den is ideal as a formal living room or elegant work-from-home destination. To the right, an elevated formal dining room welcomes large dinner parties. Ahead, discover a massive eat-in gourmet kitchen where custom cabinetry and quartz counters surround a fleet of upscale appliances, including a Wolf range, Sub-Zero refrigerator, Bosch dishwasher, microwave and built-in espresso machine. The beautiful family room is sure to become a favorite gathering spot with its wood-burning fireplace and sliding glass doors to the stunning backyard. This exceptional outdoor oasis features a gorgeous heated gunite infinity pool, a park-sized area for play, plus a garage/pool house. The fully stocked summer kitchen and covered veranda dining area make outdoor entertaining irresistible. The long gated private drive accommodates at least five vehicles, and both the sidewalk and drive feature snow-melt capabilities.
A beautiful open staircase provides views of all three floors, underscoring the home's grand proportions. On the second level, discover a serene owner's retreat with a large balcony and an en suite spa bathroom with a steam shower, jetted soaking tub and two separate water closet and custom walk-in closet areas. Two secondary bedrooms offer generous custom closet space, and one includes a private balcony. A large terrace overlooking the pool completes the level.
On the third floor, you'll find another bedroom, a powder room and an open 1,000-square-foot floor plan for whatever your needs require. In the finished basement, enjoy radiant heat floors, a second designer full kitchen, a large laundry room, and a steam room with a sauna and steam shower. From here, an outdoor shower leads up to the pool area. The home's crowning glory is a rooftop deck with jaw-dropping harbor views.
The property's extensive updates include a brand-new, top-of-the-line boiler, water heater and radiant heating all located in the basement. A gorgeous facade with wrought-iron details and a red-tile roof adds wonderful curb appeal to this beautiful Brooklyn home.
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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%.
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 |
|---|---|---|---|
| May 29, 2026 | Price Decreased |
$4,799,000
↓ $200K
(4%) | |
| Price Decreased | |||
| Mar 18, 2026 | Price Decreased |
$4,999,000
↓ $300K
(5.7%) | |
| Price Decreased | |||
| Feb 11, 2026 | Listed by Compass | $5,299,000 | |
| Listed by Compass | |||
| Jun 13, 2025 | No longer available | - | |
| No longer available | |||
| May 14, 2025 | Listed by David R Maltz And Co Inc | $2,650,000 | |
| Listed by David R Maltz And Co Inc | |||
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Bankruptcy Auction: Spectacular 5,800+ Sq Ft Luxury Home with Rooftop Water, City and Bridge Views. Bidding opens 6/9/25 at 11:00 am & Ends 6/11/25 11:00 am. The listing price of $2,650,000 represents the Opening Bid Amount Only and not the asking price of the property. Sold As-Is and Subject to a Five Percent (5%) Buyer's Premium.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017