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83 Gates Avenue #0
About This Property
Climb the curved staircase to the parlor floor and be greeted by beautiful light from all sides. Arched French doors open onto a delightful Juliette balcony and serve as the center point between the living room and kitchen, while wide-plank white oak herringbone floors are exclusive to these two rooms. Thoughtfully designed with beautiful finishes, great storage space and workspace, and with plenty of room for a large dining table, the kitchen is gorgeous. With custom white oak and matte lacquer cabinetry, honed Blue de Savoie marble countertops, an attractive handmade glazed terracotta tile backsplash, a Sub Zero fridge, a Bosch oven, hood, cooktop and dishwasher, the choices here were made with a chef in mind. The spacious living room, also with two exposures, gets lovely light all day long. An original marble mantle is the centerpiece of the room, while an original arched display nook can feature your favorite artwork or treasures.
On the third floor is the decadent master suite. With three windows and two exposures, as with the rest of the house, the light in the bedroom is lovely. Down the private hall is the large walk-in closet, designed with separate shelving and hanging areas, including space for shoes and accessories. At the end of the hall is the exquisite five-piece master-bath. A deep Mirabelle soaking tub, modern Kohler fixtures in polished chrome finish, a custom double-sink white oak vanity with a blue de Savoie marble top, and a walk-in shower are framed throughout by floor-to-ceiling cement and Bianco Carrara wall tiles and Bianco Carrara marble floor tile.
The top floor is home to two more well-proportioned bedrooms, the washer/dryer, and another stylish bathroom, featuring a fantastic arched window, cement tile, Kohler fixtures and a large walk-in shower. A new skylight brings even more light into this stunning home. Last but not least, the finished basement provides great additional space to use as you choose. Wide-plank white oak flooring, beautiful molding, custom lighting, great closet space, ductless air conditioning, and new mechanicals can be found throughout this stunning home.
On a lovely Clinton Hill block, surrounded by a beautiful garden front and side gardens planted with lush perennials, and near great dining, shops, coffee shops, and transportation the location is hard to beat.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017