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98 6TH Avenue
About This Property
This meticulously designed home is perfect for seamless entertaining, boasting a state-of-the-art parlor floor kitchen that opens to the roof deck above the garage through a floor-to-ceiling Nanawall. The kitchen is adorned with an antique mirror mosaic tile backsplash, cool gray Caesarstone countertops, and a suite of professional-grade stainless steel appliances, including a gas range with hood, refrigerator, dishwasher, and under-counter wine cooler. The deck is perfect for play, relaxation, or entertaining with privacy from the street below.
From the custom wall paneling that greets you at the entry stairs to the rec-room anchoring the home, every detail exudes sophistication. The six-bedroom suites are designed for ultimate comfort, featuring baths with radiant heated floors, massive walk-in closets, and additional spaces perfect for a playroom or office.
The garden level offers a front bedroom suite perfect as a 6th bedroom, home office, or guest room and this level also offers a full size laundry room, large flex space, and immediate access to the garages. The primary suite on the second floor is a crowning gem, offering a stunning bath with marble mosaic tiles, a rain shower, an ultra-luxe soaking tub, an enormous walk-in closet, and almost 400 square feet of living space. The third and fourth levels offer four more bedrooms, a central play / flex space, four full bathrooms, and the stairs or elevator lead to the incredible roof deck.
The four garages can be kept for personal use and storage or easily rented out for additional income.
Situated on a prime corner lot, this home enjoys premium outdoor space and windows on three sides overlooking the charming, tree-lined streets of Park Slope. Just a few blocks away, you'll find the Prospect Park, Barclay's Center, the Brooklyn Museum, Brooklyn Botanic Garden, and several major subway lines (2, 3, 4, N, D & R). Park Slope's famed Fifth Avenue and Seventh Avenue offer endless dining options, fine fashions, and bars for the perfect nightcap.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017