$1,900,000
Updated 9 years ago
Sold

140 Jefferson Ave

Bedford Stuyvesant, Brooklyn | Bedford Ave & Nostrand Ave

25 Rooms11 Beds4.5 Baths4,400 Square FeetMulti-Family

$1,900,000
floors / apts4 / 4
Lot Size20'x100'
Built Size20'x55'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,815
Price Per SF
$432

This property was sold for $1,900,000 on 12/20/17.

Listing Features

  • Original Details

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Roof Deck
  • Stoop Entry

Property Description for 140 Jefferson Ave

An Investors Gilded Dream140 Jefferson is a big, bold, beloved Brooklyn 4,400SF Brownstone. Each 2.5+ bed, 1 bath units averages 1,100 square feet, features original details and exponential opportunities for maximizing ROI. This prime Bedford Stuyvesant four-family home resides on a block that will always be desired by buyers and renters: Its 9-block radius is amenities-rich with 4 Subway lines; the Long Island Rail Road; 8 Bus Lines; A Business District; 3 Gym options; countless restaurants; and a 10 to 20 minute travel time to the Barclays Center, Downtown Brooklyn and Manhattan. The Estimated Return On Your Investment As-Is, with rents reflecting the market: 4% yearly With cosmetic and in-unit amenities improvements [Dishwasher; Washer/ Dryer]: 6% yearly Converting to Condominium, with sales reflecting todays Market]: 4.4 Million Sell Out at minimum but varies depending on configuration of each unitNotable Untapped Potential Within the Building to Maximize Returns Duplexed Garden Level Shared Backyard Between Units and Dedicated Roof Access Shared Building Amenities [Cash Laundry Machines, Storage, Bike Racks] 140 Jefferson Ave is a unique opportunity to create four distinctive homes with character in a thriving, cultural hub that neighbors Clinton Hill, Williamsburg, Prospect Heights and Bushwick. And with each investment scenario, this opportunity remains noteworthy and profitable for legacy investors and flippers alike. If youre looking for the opportunity to make your stamp on Bedford Stuyvesant, it is here. Find Your Sweet Spot.

Listing History for 140 Jefferson Ave

Now
08/25/2017
Contract Signed by Toni Martin
Corcoran
06/22/2017
$2,095,000 [-$155,000] [6.9%]
Price Drop by Toni Martin
Corcoran

Building Details for 140 Jefferson Ave

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.18 miles
Franklin Av
0.25 miles
Bedford-Nostrand Avs
0.48 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.36 miles

Citi Bike

Hancock St & Bedford Ave
0.12 miles
Putnam Ave & Nostrand Ave
0.14 miles

Contact Agent

Contact Agent

Toni Martin
Corcoran

Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 62518TH