728 Lafayette Avenue
Brooklyn, NY, 11216 $ 1,650,000
Baths0.0 Sq 3,431 Monthly Estimate*
$ 10,966
Studio
for $1,650,000. This 3,431 square foot townhouse was built in 2006.
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.
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FeaturesGeneralArchitectural Style Townhouse
High School District City of New York
Elementary School Call Listing Agent
Middle/Junior High School Call Listing Agent
Building Area Units Square Feet
Living Area Units Square Feet
Middle/Junior School District City of New York
Elementary School District City of New York
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* Excluded FeaturesList Byjay.pegram@exprealty.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,966
- Monthly Property Taxes
- $798
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Brooklyn, NY
Average List Price $2,763,821
Percent of Sale Price 68%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4100135 Elementary School
4101254 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/19/2023 | $1,650,000 | | Listed Price |