873 Lafayette Ave

Welcome to 873 Lafayette Avenue a true 5% CAP RATE PROPERTY. This architecturally minded 4-story, 3-family brownstone with an impressive and smart renovation. With more than 3,300 square feet of livable space in the heart of Bedford Stuyvesant, this is the home to beat! Featuring a dreamlike owners TRIPLEX with 3 bedrooms, 3.5 bathrooms and finished cellar, this modern yet classic giant offers living and investment opportunities. With two pristine two-bedroom rental units on the third and fourth floors, you will have plenty of income to cover your expenses. The iconic parlor way entry welcomes you to the wide white oak flooring and a bright open concept. The large and accommodating living room and massive dining area are separated by the most spacious chef's kitchen you can imagine - you'll be planning your house warming in no time! A wall of windows at the front and back of the home delivers all the light you could be searching for. The designer white kitchen features a quartz waterfall island and Bertazzoni appliances - 36" refrigerator and stove. The Owners triplex features a master bedroom with an en suite bathroom and generous closet space. The other 2 bedrooms are well sized with closets and one offers direct access to the partially paved garden. Throughout the house all bathrooms are uniquely appointed. The rental units feature brand new stainless steel GE appliances. No detail spared, split system heating & air, washer/dryer hook-ups and fantastic storage. ESTIMATED RENT ROLL: $2,650 (top floor) $2,450 (2nd Floor) $3,700 (Owner's triplex) = $105,600 of rental income annually. With low carrying costs this investment is a no brainer! The community of Bedford Stuyvesant is desired for so many reasons, namely the rich history, idyllic tree lined streets, and jaw dropping architecture. 873 Lafayette encompasses what it means to "move to the neighborhood" with close proximity to local joints like Saraghina, Peaches, Bar Lunatico, Chez Oskar, Casablanca, L'antagoniste, Skal, Olivino Wines, and so many more! Only 4 blocks from Bed Stuys favorite park, Herbert Von King Park. With over 3 train lines to choose from, commuting will be a cinch - 4 blocks to the J at Kosciuszko, 5 blocks to the G at Bedford Nostrand and a quick bus or stroll to the A/C at Utica.