UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $405
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20126752
Style Walk-Up
Bedrooms 6
Full Baths 7
HOA Y/N Yes
Year Built 1899
Annual Tax Amount $5,856
Property Sub-Type Triplex
Property Description
Asking Price: $2,250,000
25-Foot-Wide Three-Family Townhouse | Vacant Delivery | Approved Condominium Conversion Plans
An exceptional opportunity for investors, developers, and end users in the heart of Bedford-Stuyvesant.
Offered vacant and as-is, this legal three-family townhouse presents two compelling investment scenarios:
Scenario 1 | Income-Producing Investment or Owner-Occupied Townhouse
With a projected cap rate of approximately 8.8%, the property offers attractive rental income potential. Alternatively, an end user can occupy one spacious residence while generating income from the remaining two apartments.
The property's generous proportions and flexible configuration create an appealing opportunity for long-term ownership in one of Brooklyn's most vibrant and evolving neighborhoods.
Scenario 2 | Boutique Luxury Condominium Conversion
Approved architectural plans envision three generously proportioned residences totaling approximately 5,550 SF, with a projected gross condominium sellout of around $5.5M.
Thoughtfully executed, these residences have the potential to introduce a truly distinctive product to Bedford-Stuyvesant. Their expansive layouts and intimate three-residence configuration evoke the sophistication and scale of high-end Tribeca living, nestled within Bed-Stuy's vibrant cultural landscape of boutique coffee shops, acclaimed eateries, and thriving creative community.
A Rare Opportunity with Multiple Paths to Value
Whether envisioned as a high-performing rental investment, an owner-occupied townhouse supported by two rental incomes, or a boutique luxury condominium development, 913 Lafayette Avenue combines income potential, architectural character, and long-term investment flexibility in one of Brooklyn's most distinctive neighborhoods.
Location
State NY
County Kings
Rooms
Basement Full
Interior
Interior Features High Ceilings
Cooling Central Air
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Laundry In Unit, See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft, Private Yard
Parking Features On Street
View Y/N Yes
View City, Garden
Private Pool No
Building
Dwelling Type Triplex
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Tax ID 01606-0068
Ownership None
Monthly Total Fees $488
Pets Allowed Building No, No
Nearby School & Business
Get More Information