894 Willoughby Avenue #PH
About This Property
The unit, meticulously designed, boasts nearly 10' loft-like ceilings and features wide plank oak flooring. The kitchen is complete with Quartz countertops, custom built German cabinetry and high end stainless steal appliances including a Bosch dishwasher. We round out the features with a video intercom system and washer/dryer in unit. Equipped with sophisticated tank-less hot water heaters and high efficiency ductless heating and cooling units, this home exudes modern comfort. The thoughtfully designed bathrooms are outfitted with spa-like finishes and radiant heat flooring.
This recently constructed building is wrapped in a contemporary facade with eco friendly Ipe Brazilian wood and aluminum paneling. Building amenities include a virtual doorman and resident roof deck replete with sweeping urban views of the city and the latest local street art the neighborhood is world renowned for!
Nestled just a few blocks from the J/M/Z trains at Myrtle Avenue, 894 Willoughby Avenue is a short, 30 minute commute to Midtown Manhattan. This coveted location is also in the center of the neighborhood's most popular bars, parks and art galleries, delivering convenience and luxury living for the modern day Brooklyn enthusiast.
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 14, 2024 | Sold | $965,000 | |
Sold | |||
May 23, 2024 | In contract | - | |
In contract | |||
Mar 18, 2024 | Listed by Compass | $999,000 | |
Listed by Compass | |||
Jun 28, 2018 | No longer available | - | |
No longer available | |||
Jun 28, 2018 | Price Decreased |
$930,000
↓ $8K
(0.9%)
|
|
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/18/2024
|
2 Bed
|
2 Bath
|
930 ft²
|
$999,000
2 Bed
2 Bath
930 ft²
|
$965,000
-3.40%
06/14/2024
|
-
|
Kashif Khan
The Corcoran Group
|
|
05/03/2020
|
1 Bed
|
2 Bath
|
-
|
$895,000
1 Bed
2 Bath
|
-
-
|
-
|
Norman Heger
Home Court Real Estate LLC
|
|
10/11/2018
|
Studio
|
2 Bath
|
718 ft²
|
$589,000
Studio
2 Bath
718 ft²
|
$486,720
-17.37%
04/10/2019
|
Jessica White
Corcoran Group
|
||
06/18/2018
|
1 Bed
|
1 Bath
|
580 ft²
|
$599,000
1 Bed
1 Bath
580 ft²
|
-
-
|
-
|
-
|
|
05/30/2018
|
|
Studio
|
1.5 Bath
|
-
|
-
Studio
1.5 Bath
|
-
-
|
-
|
-
|