$1,495,000
Updated 9 years ago
Off Market

638 Lafayette Ave

Bedford Stuyvesant, Brooklyn | Nostrand Ave & Marcy Ave

4,500 Square FeetDevelopment Site

$1,495,000
Lot Size22'5"x100'
ZoneR6B
Building TypeDevelopment Site
RE Taxes$497
Price Per SF
$332

Building Amenities

  • Elevator

Property Description for 638 Lafayette Ave

Development site in an excellent location- on the Bed Stuy / Clinton Hill border.

Half a block from the Bedford-Nostrand Subway Station.

Lot Size: 22.5 x 100
FAR: 2
Zoning: R6B
Buildable SqFt: 4,500

Comes with approved plans for a 4,500 SqFt 8 unit building with 6 apartments and two office spaces. The site was also approved for a 15 year 421-A tax abetment.

With rents pushing $50 per foot and condos pushing $1,000 per foot, this lot makes for the perfect development.
Please email me for approved plans and more information.

Listing History for 638 Lafayette Ave

Now
07/06/2017
POM by Dennis Cetinkaya
Douglas Elliman
04/07/2017
Expired by Dennis Cetinkaya
Douglas Elliman

Building Details for 638 Lafayette Ave

OwnershipDevelopment Site
Building TypeDevelopment Site
Learn More About the Building

Transit and Citi Bike

Subway

Bedford-Nostrand Avs
0.21 miles
Myrtle-Willoughby Avs
0.33 miles

Citi Bike

Marcy Ave & Lafayette Ave
0.09 miles
Kosciuszko St & Nostrand Ave
0.11 miles

Contact Agent

Contact Agent

Dennis Cetinkaya
Douglas Elliman

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: 67658TH