Updated 2 years ago
Sold
728 Lafayette Ave
Bedford Stuyvesant, Brooklyn | Throop Ave & Tompkins Ave
3,431 Square FeetMulti-Family
$1,650,000
floors / apts3 / 3
Lot Size18'x100'
Built Size18'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$9,581
Price Per SF
$481
This property was sold for $1,400,000 on 05/21/24.
Listing Features
- New Windows
- Oversized Windows
- Skylights
- Central AC
- Central Heat
Building Amenities
- Voice Intercom
- Garden
- Outdoor Parking
Property Description for 728 Lafayette Ave
Prime Brooklyn Investment Opportunity; Modern, Fully-Occupied 3-Unit Building with Over 5% Cap Rate & Depreciation Benefits.
Invest in an exceptional, fully-occupied 3-unit modern building in the heart of Bedford Stuyvesant neighborhood in Brooklyn.
728 Lafayette Avenue boasts a unique design, robust cap rate, and depreciation benefits, making it an ideal choice for investors.
The structure is made of glass and steel panels, setting it apart from traditional brick and Brownstone homes in the area.
The prime location, the unique architecture and modern amenities, make this property an attractive investment.
Each of the three apartments offers an open floor concept, central HVAC, recessed LED lighting, hardwood flooring, and fully equipped kitchens with marble countertops.
Currently the property is fully-occupied, the second and third-floor one-bedroom units, along with the first-floor two-bedroom duplex, generate a lucrative cap rate of over 5%. The thriving Bedford Stuyvesant rental market and increasing demand ensure a great upside for investors.
One of the advantage of this investment is the opportunity to leverage depreciation, allowing investors to offset a portion of the rental income, reduce taxable income, and potentially save on taxes.
The property also features the rare luxury of one dedicated parking space, adding significant value. The modern amenities and finishes ensure low maintenance costs. Everyone pays for their gas, heating and electrical consumption.
Priced at $1,650,000, this investment opportunity is within close proximity to public transportation, renowned restaurants, and essential services, making it a top choice for tenants in Bedford Stuyvesant.
Don't miss out on this extraordinary opportunity to invest in a unique, income-generating property in a prime Brooklyn location. To learn more about the financial details and growth prospects of 728 Lafayette Avenue, including the advantages of depreciation and the strong cap rate, please reach out to schedule a viewing or discuss further.
Invest in an exceptional, fully-occupied 3-unit modern building in the heart of Bedford Stuyvesant neighborhood in Brooklyn.
728 Lafayette Avenue boasts a unique design, robust cap rate, and depreciation benefits, making it an ideal choice for investors.
The structure is made of glass and steel panels, setting it apart from traditional brick and Brownstone homes in the area.
The prime location, the unique architecture and modern amenities, make this property an attractive investment.
Each of the three apartments offers an open floor concept, central HVAC, recessed LED lighting, hardwood flooring, and fully equipped kitchens with marble countertops.
Currently the property is fully-occupied, the second and third-floor one-bedroom units, along with the first-floor two-bedroom duplex, generate a lucrative cap rate of over 5%. The thriving Bedford Stuyvesant rental market and increasing demand ensure a great upside for investors.
One of the advantage of this investment is the opportunity to leverage depreciation, allowing investors to offset a portion of the rental income, reduce taxable income, and potentially save on taxes.
The property also features the rare luxury of one dedicated parking space, adding significant value. The modern amenities and finishes ensure low maintenance costs. Everyone pays for their gas, heating and electrical consumption.
Priced at $1,650,000, this investment opportunity is within close proximity to public transportation, renowned restaurants, and essential services, making it a top choice for tenants in Bedford Stuyvesant.
Don't miss out on this extraordinary opportunity to invest in a unique, income-generating property in a prime Brooklyn location. To learn more about the financial details and growth prospects of 728 Lafayette Avenue, including the advantages of depreciation and the strong cap rate, please reach out to schedule a viewing or discuss further.
Listing History for 728 Lafayette Ave
Now
05/24/2024
$1,400,000
Sold and Closed by Alain da Sylveira
eXp Realty NYC
2024
Building Details for 728 Lafayette Ave
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2008
Floors/Apts3/3
Transit and Citi Bike
Subway
Myrtle-Willoughby Avs
0.38 miles
Citi Bike
Kosciuszko St & Tompkins Ave
0.08 miles
Greene Ave & Throop Ave
0.13 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: 28749TH
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