728 Lafayette Avenue, Brooklyn, New York 11216 (MLS# H6146799)
Residential listing in Brooklyn County
Listing IDH6146799
Price$1,650,000
StatusPending
Home SqFt
3,431
CountyBrooklyn
Year Built2006
Property TypeResidential
Property Sub TypeTownhouse
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.
County
Brooklyn
Property Sub Type
Townhouse
Property Type
Residential
Year Built
2006
Area Units
Square Feet
Area Units
Square Feet
Attic Description
See Remarks
Basement
See Remarks
Cooling
no
Cooling Type
None
Heating
Other, See Remarks
Rooms Total
7
Square Footage
3431.00
Square Footage Source
Other
Architectural Style
Townhouse
Attached Garage
no
Garage
no
Sewer
Other
State Or Province
NY
Water Source
See Remarks
Garbage Removal
Other
Mls Status
U
Year Built Source
Other
High Price Dollars
1650000
Lease Considered
no
Modifications Exclusions
None
Tax Annual Amount
9576
Elementary School
Call Listing Agent
Elementary School District
City of New York
High School District
City of New York
Middle Or Junior School
Call Listing Agent
Middle Or Junior School District
City of New York
MLS Area Minor
13
NY Location
Brooklyn
Senior Community
no
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