88 Bleecker Street #0
About This Property
The owner's triplex is a work of careful planning and elegant design featuring 4 bedrooms, 2 full bathrooms and 1 half bath.
The first level of the triplex is a sun-filled, full floor stretching 55 feet. This perfect entertaining and living space blends relaxing, dining, and gourmet kitchen areas and is bookended by over-sized casement windows in front and a pair of over-sized sliding glass doors flowing seamlessly into the private backyard. This floor also has a generous closet and a half-bath.
The kitchen perfectly balances the needs of demanding cooks and the joys of socializing around food through every season. It has abundant storage and counter space, and is carefully laid out with double sinks, professional grade appliances and a generous island with ample seating.
The middle level of the triplex is also sun-filled and has laundry, 2 full baths, and 3 bedrooms, including the luxurious master suite with en-suite master bath and generous closet space.
Finally, the 5th level achieves that rarest of New York pleasures: a sunny, private penthouse above the bustling city with 360 degree views from two en-suite terraces. (Plus, for those craving an even higher perch, a final third observation deck on top of the penthouse is accessible by ladder.)
The lower unit is a fabulous duplex apartment. Perfect for high rental income, it features 2 full baths, 1 half bath, 1 large master bedroom and a sun-lit lower level with full bath. The rental unit alone can pay for more than $500,000 in mortgage.
Located in red-hot Bushwick, this thriving neighborhood is driven by its own vibrant diversity, super convenient proximity to Williamsburg, and four subway lines (J,M,Z,L). The area is teeming with activity and dotted with community gardens and local favorites like Sunrise/Sunset, Bushwick Public House, Lone Wolf, Brooklyn Whiskers, and Little Mo. Within about a 2-mile radius you can be on the Williamsburg Bridge, in Fort Greene, or enjoying the best parts of BedStuy and much more.
88 Bleecker Street is beautiful and understated: a loft-like townhouse with hand-laid brick facade and massive black -clad casement windows for maximum light and energy efficiency. Both units are individually metered and have true central AC and central heat. Don't miss your opportunity to call this gorgeous property 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 |
|---|---|---|---|
| Nov 14, 2018 | Sold | ||
| Sold | |||
| Jun 13, 2018 | Listed by Douglas Elliman Real Estate | $1,795,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/13/2018
| |
5 Bed
|
6 Bath
|
3967 ft²
|
$1,795,000
5 Bed
6 Bath
3967 ft²
|
$1,700,000
-5.29%
11/14/2018
|
Bren Salamon
Elliman
|
|
12/18/2015
|
Studio
|
1 Bath
|
-
|
$449,000
Studio
1 Bath
|
$449,000
04/18/2016
|
Brad Malow
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017