700 Lafayette Avenue Brooklyn, NY 11238

$1,549,000
700 Lafayette Avenue, Brooklyn, NY 11238
OLRS-0025463

Multi-Family Home for sale in Brooklyn, NY

for $1,549,000 with 8 bedrooms and 6 full baths. This home was built in 1931 on a lot size of 20'x46'.

Property Information

  • $1,549,000
  • 8 Bedrooms
  • 6 Full Baths
  • Multi-Family
  • Taxes are $6,619
  • Low-Rise
  • Active
  • Lot size of 20'x46'
  • Built in 1931
  • Brooklyn, NY
  • Bedford Stuyvesant Neighborhood
  • Kings County
  • MLS/Web ID is OLRS-0025463
  • Just Listed

Description

A three-story, multi-family rental property nestled across the street from Herbert Von King Park, 700 Lafayette is an incredibly rare investment opportunity to own in the heart of Bedford-Stuyvesant. The building sits on a spacious corner lot and has been built out to its maximum potential. It features a trio of renovated, income-producing rental units, all of which come with tenants in place. Each unit has hardwood floors, plenty of natural light, living and dining rooms, 2 bathrooms with sleek fixtures, and a modern kitchen with tiled floors and stainless steel appliances. The first floor has 2 bedrooms, while the second and third floors each have 3. There is also an unfinished basement. 700 Lafayette is close to all the restaurants, cafes, bars, grocery stores, and shops that line Tompkins, Nostrand, and Dekalb Avenues. In addition to being across the street from Herbert Von King Park, the building is also just steps from several community playgrounds and gardens. Nearby subway lines include the A/C/G/M/J/Z. Can be purchased as a package deal with the attached building, 702 Lafayette Ave. The buildings have the potential to be converted into condos.

Interior 1

Cooling System

  • Air Conditioning

† Excluded Feature

Listed By

Listing Agent: Sammy Noiman

700 Lafayette Avenue, Brooklyn, NY, 11238 is a Multi-Family Home for sale at $1,549,000 with a lot size of 20'x46'. 700 Lafayette Avenue has 8 bedrooms, 6.0 baths, and was built in 1931. The property's zip code is 11238 which is in Brooklyn, NY

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Market Pricing

Average % of sale price Median % of sale price
All listings in Brooklyn $1,295,969 16 % below $968,000 38 % below
Multi-family listings in Brooklyn $1,430,838 8 % below $1,290,000 17 % below

Get the facts about Brooklyn, NY!

Population 2,605,119
Population Growth (since 2000) 6 %
Median Income $50,321
Median Age 35.91
Households w/ Children 29 %

Residential Dwellings

  • Owned 264711
  • Vacant 78635
  • Rented 691357

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