$1,495,000
●
Condo -
Off Market
85 N 3rd St #501
Brooklyn, NY 11249
2 Beds
1 Bath
1,068 Ft²
$7,966
Est. Monthly
$625
HOA / Fees
3.54%
Cap Rate
About This Property
Tremendous and rare loft style convertible 2 bedroom / 1 bath at
the Mill Building, Williamsburg's most coveted authentic loft
building. Sweeping unobstructed southern views, oversized windows,
authentic wood beams, 10.5 foot ceilings and original hardwood
floors complement an move in ready renovations, an open kitchen
with Carrera marble breakfast bar and countertops and a beautiful
oversized bath. Enjoy a full laundry room in the apartment as well
as fantastic closet space!
Located in Williamsburg's premier North-side, The Mill Building represents the definition of classic loft living and features a full time doorman, an extraordinary roof terrace, free laundry on every other floor, onsite garage, storage and a bike room. Only 2 blocks from the planned Bedford Avenue Whole Foods as well as the new Apple Store! 15 Year J-51 Tax Abatement started July of 2011.
Located in Williamsburg's premier North-side, The Mill Building represents the definition of classic loft living and features a full time doorman, an extraordinary roof terrace, free laundry on every other floor, onsite garage, storage and a bike room. Only 2 blocks from the planned Bedford Avenue Whole Foods as well as the new Apple Store! 15 Year J-51 Tax Abatement started July of 2011.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,400
Property Type
Condo
Property Taxes
-
HOA Dues
$625
Year Built
1910
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago ( #PDES-2408587)
Price History
Property Highlights
Garage
Doorman
Elevator
Parking Details
Has Garage
Interior Details
Laundry Features: Common Area
Rooms: 4
Exterior Details
PropertySubType: Apartment
Living Area: 1068
Living Area Units: SquareFeet
Building Name: THE MILL BUILDING
Stories (Total): 6
Financial Details
Flip Tax Type: Percent
Location Details
Association Fee: $625
Community Features: Storage
Pets Allowed: Unit No, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/18/2026
|
1 Bed
|
1 Bath
|
1203 ft²
|
$1,850,000
1 Bed
1 Bath
1203 ft²
|
$1,850,000
06/17/2026
|
Matthew Abril
Nest Seekers LLC
| |
|
12/04/2025
|
2 Bed
|
2 Bath
|
1800 ft²
|
$2,995,000
2 Bed
2 Bath
1800 ft²
|
$2,975,000
-0.67%
03/20/2026
|
Briana Siaca
Corcoran Group
| |
|
10/14/2025
|
3 Bed
|
2 Bath
|
2430 ft²
|
$5,495,000
3 Bed
2 Bath
2430 ft²
|
$4,850,000
-11.74%
08/25/2026
|
Warner Lewis
Brown Harris Stevens Residential Sales LLC
| |
|
05/08/2024
|
3 Bed
|
2 Bath
|
1972 ft²
|
$2,500,000
3 Bed
2 Bath
1972 ft²
|
$2,500,000
07/09/2024
|
Jonah Katz
Compass
| |
|
01/17/2024
|
2 Bed
|
2 Bath
|
1750 ft²
|
$2,150,000
2 Bed
2 Bath
1750 ft²
|
$2,100,000
-2.33%
05/16/2024
|
Jordan Hoch
Compass
| |
|
11/28/2023
|
Studio
|
1 Bath
|
897 ft²
|
$1,049,000
Studio
1 Bath
897 ft²
|
$1,091,750
+4.08%
03/29/2024
|
Sarah Adler
Corcoran Group
| |
|
07/28/2023
|
1 Bed
|
1 Bath
|
1203 ft²
|
$1,500,000
1 Bed
1 Bath
1203 ft²
|
$1,500,000
10/05/2023
|
Gerard Sager
Prudential Douglas Elliman Real Estate
| |
|
03/29/2023
|
Studio
|
1 Bath
|
707 ft²
|
$995,000
Studio
1 Bath
707 ft²
|
$995,000
06/14/2023
|
Wesley Stanton
Compass
| |
|
02/06/2023
|
2 Bed
|
2 Bath
|
1797 ft²
|
$2,695,000
2 Bed
2 Bath
1797 ft²
|
$2,695,000
05/02/2023
|
Michael Davis
Bold New York
| |
|
10/17/2022
|
2 Bed
|
2 Bath
|
2200 ft²
|
$5,995,000
2 Bed
2 Bath
2200 ft²
|
$5,330,000
-11.09%
11/09/2022
|
Jordan Hoch
Compass
| |
|
05/16/2022
|
2 Bed
|
1 Bath
|
1285 ft²
|
$2,000,000
2 Bed
1 Bath
1285 ft²
|
$2,000,000
08/31/2022
|
Lior Barak
The Corcoran Group
| |
|
04/25/2022
|
3 Bed
|
1 Bath
|
2760 ft²
|
$3,275,000
3 Bed
1 Bath
2760 ft²
|
-
-
|
Abraham A Steinmetz
STEINMETZ REAL ESTATE
| |
|
11/01/2021
|
3 Bed
|
2 Bath
|
2173 ft²
|
$3,458,500
3 Bed
2 Bath
2173 ft²
|
$3,458,500
04/05/2022
|
Lior Barak
The Corcoran Group
| |
|
06/02/2021
|
2 Bed
|
2 Bath
|
1745 ft²
|
$2,500,000
2 Bed
2 Bath
1745 ft²
|
$2,150,000
-14.00%
10/30/2013
|
Matthew Pucker
Elliman
| |
|
01/29/2021
|
2 Bed
|
2 Bath
|
2911 ft²
|
$4,700,000
2 Bed
2 Bath
2911 ft²
|
$4,700,000
09/01/2021
|
Warner Lewis
Brown Harris Stevens Residential Sales LLC
| |
|
12/28/2020
|
1 Bed
|
2 Bath
|
2025 ft²
|
$2,336,000
1 Bed
2 Bath
2025 ft²
|
$2,336,000
03/04/2021
|
Wesley Stanton
Compass
| |
|
10/03/2020
|
3 Bed
|
2 Bath
|
1800 ft²
|
$2,650,000
3 Bed
2 Bath
1800 ft²
|
$2,650,000
12/07/2020
|
Christine Blackburn
The Corcoran Group
| |
|
10/01/2020
|
2 Bed
|
1 Bath
|
1750 ft²
|
$2,400,000
2 Bed
1 Bath
1750 ft²
|
$2,475,000
+3.13%
07/30/2021
|
Arline Tarte
Compass
| |
|
08/24/2020
|
2 Bed
|
2 Bath
|
2250 ft²
|
$3,295,000
2 Bed
2 Bath
2250 ft²
|
$3,220,000
-2.28%
12/16/2020
|
Cory Kantin
Corcoran Group
| |
|
07/27/2020
|
2 Bed
|
2 Bath
|
1976 ft²
|
$2,660,000
2 Bed
2 Bath
1976 ft²
|
$2,660,000
08/23/2021
|
Wesley Stanton
Compass
| |
|
06/01/2020
|
Studio
|
1 Bath
|
707 ft²
|
$989,000
Studio
1 Bath
707 ft²
|
$915,000
-7.48%
11/20/2020
|
Mary Wyatt
The Corcoran Group
| |
|
05/07/2018
|
2 Bed
|
2 Bath
|
1346 ft²
|
$2,850,000
2 Bed
2 Bath
1346 ft²
|
$2,850,000
11/20/2018
|
Lior Barak
The Corcoran Group
| |
|
04/03/2017
|
3 Bed
|
2 Bath
|
2430 ft²
|
$3,500,000
3 Bed
2 Bath
2430 ft²
|
$3,500,000
09/08/2017
|
Warner Lewis
Brown Harris Stevens Residential Sales LLC
| |
|
01/25/2017
|
2 Bed
|
2 Bath
|
1743 ft²
|
$2,050,000
2 Bed
2 Bath
1743 ft²
|
$2,050,000
02/05/2021
|
Stephen Filipponi
Compass
| |
|
01/17/2017
|
1 Bed
|
-
|
2025 ft²
|
$2,200,000
1 Bed
-
2025 ft²
|
$2,200,000
01/23/2017
|
Wesley Stanton
Compass
| |
|
06/07/2016
|
3 Bed
|
-
|
2260 ft²
|
$2,985,000
3 Bed
-
2260 ft²
|
$2,985,000
10/16/2017
|
Jamie Fedorko
Compass
| |
|
05/03/2016
|
2 Bed
|
1 Bath
|
1068 ft²
|
$1,495,000
2 Bed
1 Bath
1068 ft²
|
-
-
|
Wesley Stanton
Compass
| |
|
02/09/2016
|
3 Bed
|
3 Bath
|
2250 ft²
|
$3,095,000
3 Bed
3 Bath
2250 ft²
|
$2,800,000
-9.53%
12/02/2016
|
Jordan Hoch
Compass
| |
|
02/09/2016
|
2 Bed
|
2 Bath
|
1972 ft²
|
$2,400,000
2 Bed
2 Bath
1972 ft²
|
$2,150,000
-10.42%
09/30/2016
|
Jordan Hoch
Compass
| |
|
11/01/2015
|
1 Bed
|
1 Bath
|
1747 ft²
|
$2,562,125
1 Bed
1 Bath
1747 ft²
|
$2,562,125
01/31/2016
|
Roni Dotan
Corcoran Group
| |
|
08/20/2015
|
2 Bed
|
2 Bath
|
2911 ft²
|
$3,100,000
2 Bed
2 Bath
2911 ft²
|
$3,100,000
08/20/2016
|
Lustbader Ostow
Coldwell Banker Warburg
| |
|
07/14/2015
|
2 Bed
|
2 Bath
|
1972 ft²
|
$2,450,000
2 Bed
2 Bath
1972 ft²
|
-
-
|
Maria Torresy
Brown Harris Stevens
| |
|
05/15/2015
|
4 Bed
|
4.5 Bath
|
3622 ft²
|
$3,622,000
4 Bed
4.5 Bath
3622 ft²
|
-
-
|
Wesley Stanton
Compass
| |
|
05/08/2015
|
3 Bed
|
2 Bath
|
2295 ft²
|
$2,950,000
3 Bed
2 Bath
2295 ft²
|
$2,750,000
-6.78%
05/24/2016
|
Jordan Hoch
Compass
| |
|
05/07/2015
|
3 Bed
|
2 Bath
|
1800 ft²
|
$2,275,000
3 Bed
2 Bath
1800 ft²
|
-
-
|
Wesley Stanton
Compass
| |
|
10/21/2014
|
2 Bed
|
-
|
1586 ft²
|
$2,300,000
2 Bed
-
1586 ft²
|
$2,300,000
10/20/2015
|
Jamie Fedorko
Compass
| |
|
10/08/2014
|
2 Bed
|
2 Bath
|
2018 ft²
|
$2,695,000
2 Bed
2 Bath
2018 ft²
|
$2,970,000
+10.20%
01/23/2015
|
Wesley Stanton
Compass
| |
|
05/21/2014
|
3 Bed
|
2 Bath
|
2250 ft²
|
$3,000,000
3 Bed
2 Bath
2250 ft²
|
-
-
|
Evan F. Church
Corcoran Group
| |
|
02/12/2014
|
2 Bed
|
1 Bath
|
1750 ft²
|
$1,740,000
2 Bed
1 Bath
1750 ft²
|
$1,700,000
-2.30%
08/27/2014
|
Wesley Stanton
Compass
| |
|
05/25/2013
|
3 Bed
|
2 Bath
|
1800 ft²
|
$1,980,000
3 Bed
2 Bath
1800 ft²
|
-
-
|
Arina Yakobi
Elliman
| |
|
05/20/2013
|
2 Bed
|
2 Bath
|
1797 ft²
|
$2,150,000
2 Bed
2 Bath
1797 ft²
|
-
-
|
Arina Yakobi
Elliman
| |
|
03/20/2013
|
1 Bed
|
-
|
1447 ft²
|
$1,500,000
1 Bed
-
1447 ft²
|
$1,500,000
01/29/2015
|
Julia Hoagland
Compass
| |
|
02/19/2013
|
Studio
|
1 Bath
|
827 ft²
|
$1
Studio
1 Bath
827 ft²
|
$1
04/29/2013
|
Tam Le
Corcoran Group
| |
|
03/09/2011
|
2 Bed
|
2.5 Bath
|
2911 ft²
|
$2,350,000
2 Bed
2.5 Bath
2911 ft²
|
-
-
|
JARED SELIGMAN
Corcoran Group
| |
|
02/14/2011
|
3 Bed
|
3 Bath
|
2250 ft²
|
$1,800,000
3 Bed
3 Bath
2250 ft²
|
$1,800,000
04/03/2017
|
Pillay Demirdjian
Brown Harris Stevens Residential Sales LLC
| |
|
06/22/2010
|
3 Bed
|
4 Bath
|
3939 ft²
|
$2,990,000
3 Bed
4 Bath
3939 ft²
|
-
-
|
Hui Wen Milligan
Prudential Douglas Elliman Real Estate
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017