2501 Avenue R

Sheepshead Bay, New York City, NY · 2 days on market · View on Zillow

2501 Avenue R

$1.9M somewhere else buys…

4 bedrooms · 3 baths · 2,071 sqft · 3,570 sqft lot

Built 1930 · Garage · $917/sqft (city median $730)

We are pleased to present this magnificent Center Hall Colonial ideally situated in the heart of Madison. Set on a desirable corner property, this beautiful home offers abundant natural light, timeless character, and spacious living throughout. Featuring 4 bedrooms and 3 bathrooms, the home showcases beautiful hardwood flooring and thoughtfully designed living spaces.

What this place offers

  • Heating: Other
  • Cooling: Wall Unit(s), Window Unit(s)
  • Garage
  • Top school rating 9/10 nearby

The numbers

$14K/yr

Property tax (actual rate)

$7K/yr

Insurance (quoted)

$1,899,000

Down payment20% · $379,800
%
Mortgage (principal + interest)$9,503
Property tax$1,139
Home insurance$570
All-in monthly$11,212/mo

You'd need about $480,505/yr in household income (28% rule) plus $379,800 in cash.

Would rent for ~$4,332/mo · 2.7% gross yield

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