Updated 8 years ago
Off Market
307 Lewis Ave
Bedford Stuyvesant, Brooklyn | Putnam Ave & Jefferson Ave
21 Rooms9 Beds6 Baths6,785 Square FeetMixed Use
$3,700,000
floors / apts4 / 6
Lot Size23'x100'
ZoneR6B
Building TypeTownhouse
RE Taxes$11,845
Price Per SF
$545
Building Amenities
- Voice Intercom
- Garage
Property Description for 307 Lewis Ave
Corner Four Story Brick Building for Sale W/4 Garages & 35FT Frontage on Lewis Avenue/Jefferson Ave in Prime Bed Stuy
307 Lewis Ave , also known as 567 Jefferson Ave, is located on the northeast corner of Jefferson Ave and Lewis Ave in Bed Stuy. The building is a 6 family residential building with six rental apartments & deli, plus one of the largest assemblages of garages, (four),in Bed Stuy, just down the street from the well known restaurant, Saraghina. It is a massive 23 x 100 FT lot/four story building with a a total of 6785SF breaking down as four garages, (805 SF),plus a four story, residential building,(5980SF). The garages are on the Lewis Avenue side of the building and have approximately 35 feet in frontage.
The apartments are rent stabilized and have been modernized, improved and renovated. There are 3 one bedrooms and 3 two bedroom apartments and 2 apartments will be vacant at closing.. The building has been well maintained and the mechanicals are in good working order.
Price $3,700,000
Lot 23x100
Building :23x65
Stories:4 W/Full Basement
Total SF: 6785 SF
Building/Apt SF: 4485 SF
Store/Deli sf: 1495 SF
Garages #: 4
Overall Garage Dimensions: 23x35
Garage Frontage onJefferson:35 FT
Garage total SF: 805 SF
Apartments: 6 Total
Rental Income: $142K
Expenses Before
Taxes: $28.1K
RE Taxes:$11.8K
Total Expenses: $39.6K
Present NOI: $101.9K
Projected NOIWith Rentalof Garages: $149.9K
Building Details for 307 Lewis Ave
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/6
Transit and Citi Bike
Subway
Kingston-Throop Avs
0.46 miles
Utica Av
0.48 miles
Citi Bike
Lewis Ave & Madison St
0.08 miles
Macon St & Lewis Ave
0.17 miles
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: 36211TH
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