Brooklyn, NY 11216,728 Lafayette Avenue #Building
Listing Courtesy of EXP Realty NYC

$1,650,000

Est. payment /mo

$1,650,000

Est.Price: ?

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728 Lafayette Avenue #Building Brooklyn, NY 11216

3,431 SqFt

SOLD DATE : 06/29/2023

Key Details

Sold Price $1,650,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,431 sqft

Price per Sqft $480

Subdivision Bedford Stuyvesant

MLS Listing ID RLS10966486

Sold Date 06/29/23

Style Walk-Up

HOA Y/N No

Year Built 2008

Annual Tax Amount $9,581

Property Sub-Type Multi Family

Property Description

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.

Location

State NY

County Kings

Building Detail https://www.thesilkbridgeteam.com/nyc/buildings/728-lafayette-avenue?sold-listing=true

Interior

Cooling Central Air

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Private Pool No

Building

Story 3

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $798

Pets Allowed Building Yes, Yes

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