Updated 7 years ago
Sold
347 Jefferson Ave
Bedford Stuyvesant, Brooklyn | Tompkins Ave & Throop Ave
3 Rooms9 Beds4 Baths2,992 Square FeetMulti-Family
$2,128,500
floors / apts3 / 4
Lot Size19'x80'
Built Size19'x45'
ZoneR6A
Building TypeTownhouse
RE Taxes$7,746
Price Per SF
$711
This property was sold for $2,128,500 on 12/20/19.
Building Amenities
- Voice Intercom
- Laundry Room
- Storage
Property Description for 347 Jefferson Ave
Location, Value and Endless Possibilities. 347 Jefferson Ave is a legal 4 story, 4 family brownstone located in the heart of prime Bedford Stuyvesant! This turnkey investment property is ideal for the new or savviest investor.
Sitting at 19 ft wide, on an 80.25 ft lot this property offers 3,420 SF, an additional FAR of 1,586, brand new roof and roof hatch, upgraded heating system with two new 50-gallon hot water heaters, a full stoop repair and refinishing guaranteed to last for the next 30+ years and an ultra-rare high yield apartment configuration of two 3br, 1ba spacious apartments, one 2br, 1ba apartment and a 1br, 1ba apartment with its very own private outdoor space at approximately 450 SF. All units are free market, income producing rental apartments with a potential cap rate easily over 5%. Each unit offers beautiful hardwood floors, stainless steel and modern appliances, ample storage space, high ceilings and large windows that bring abundant natural sunlight.
Located right across the street from Eugene & Company, down the block from Peaches, Bed Vyne, Doctors Cave Café and a few blocks from Saraghina, Brooklyn Beso, Brown Sugar and Treehouse Bar & Grill. Transportation is close by; catch the A or C train at Nostrand Ave, the C train at Kingston-Throop Ave or the G train at Bedford and Nostrand Ave. Contact me today to view this great investment property!
Sitting at 19 ft wide, on an 80.25 ft lot this property offers 3,420 SF, an additional FAR of 1,586, brand new roof and roof hatch, upgraded heating system with two new 50-gallon hot water heaters, a full stoop repair and refinishing guaranteed to last for the next 30+ years and an ultra-rare high yield apartment configuration of two 3br, 1ba spacious apartments, one 2br, 1ba apartment and a 1br, 1ba apartment with its very own private outdoor space at approximately 450 SF. All units are free market, income producing rental apartments with a potential cap rate easily over 5%. Each unit offers beautiful hardwood floors, stainless steel and modern appliances, ample storage space, high ceilings and large windows that bring abundant natural sunlight.
Located right across the street from Eugene & Company, down the block from Peaches, Bed Vyne, Doctors Cave Café and a few blocks from Saraghina, Brooklyn Beso, Brown Sugar and Treehouse Bar & Grill. Transportation is close by; catch the A or C train at Nostrand Ave, the C train at Kingston-Throop Ave or the G train at Bedford and Nostrand Ave. Contact me today to view this great investment property!
Listing History for 347 Jefferson Ave
Now
12/20/2019
$2,128,500
Sold and Closed by Ryan Roberts
Douglas Elliman
12/07/2019
Contract Signed by Ryan Roberts
Douglas Elliman
Building Details for 347 Jefferson Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts3/4
Transit and Citi Bike
Subway
Kingston-Throop Avs
0.32 miles
Nostrand Av
0.42 miles
Railroad
Nostrand AvenueLong Island Rail Road
0.45 miles
Citi Bike
Halsey St & Tompkins Ave
0.11 miles
Monroe St & Tompkins Ave
0.16 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: 50318TH
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