719 Lafayette Avenue
Bedford-Stuyvesant, New York
$1,695,000 Price
8 Bedrooms   4.0 Baths

719 Lafayette Avenue, Bedford-Stuyvesant, New York

A truly unique Bed-Stuy opportunity perfect for an end-use needing INDOOR parking, an art or music studio or woodworking shop, and a huge living space with rental income; or an investor looking for a great return! This extra-large freestanding townhouse, steps from Herbert Von King Park,...

A truly unique Bed-Stuy opportunity perfect for an end-use needing INDOOR parking, an art or music studio or woodworking shop, and a huge living space with rental income; or an investor looking for a great return! This extra-large freestanding townhouse, steps from Herbert Von King Park, Lincoln Market, the Bedford/Nostrand G train, and all of the amazing amenities on Bedford and Nostrand Avenues. This home promises a convenient location and a house with incredible potential both today, and well into the future. Enjoy a fanciful compound in Brooklyn's most culturally dynamic neighborhood for the price of a 2-bedroom condo with monthly taxes of only $255, and no common charges! Tenants are separately metered and pay their own heat, electric, and gas too. Built out 20' wide and 60' deep on 27' wide lot, with three exposures on three floors, plus a renovated recreation room, AND a PRIVATE GARAGE with indoor parking for TWO cars and a shared driveway, this is a truly special opportunity. Use the garage for parking 2 cars and additional storage, OR create an art studio or guest house built 20' wide x 15' deep, and increase your rental income, or custom build a space for all of your creative needs. The possibilities are endlessly exciting and appeal to end users, artists, work-from-home residents, investors, and families alike. Delivered vacant, this home has been renovated perfectly for tenants and owners, and includes a first floor/basement duplex with 3 beds, 1 bath, a recreation room, laundry, and garden (prior rent $4500/month). The upper duplex is a rare gem with 5 bedrooms, 3 full bathrooms, 2 skylights, easy staircase access for a roofdeck, laundry, and incredible light (prior rent $6500/month). Both units enjoy three full exposures, and include renovated kitchens and baths. A charming front porch welcomes you to greet your neighbors and container garden to your heart's content. Kitchens in both units include black granite countertops and stainless-steel appliances. Hardwood floors, high-ceilings, and individual gas boilers and hot water heaters make living easy. Take the super sunny upper duplex and garage for yourself, and rent out the ground floor and pay all of your bills AND make a profit. Or, take the entire house for yourself and live large. The shared driveway allows easy access to the yard for either and/or both tenants, another way to increase your quality of living OR your rental income. While this home may not have the historic details of some of the neighboring homes, it more than makes up for this with its grand proportions, three exposures, and ability to move right in. A paint job and a few cosmetic upgrades promise a quality of life and convenience you could never have ever dreamed of, in a neighborhood that hasn't even begun to realize its true potential. Head in any direction and you have the added delights of Williamsburg and Bushwick also easily at your disposal. Book a showing today. Currently vacant and delivered vacant with a projected rent-roll of $11,000 month without even lifting a finger (and absurdly low taxes), this makes a great 1031 exchange opportunity as well.

Courtesy of Corcoran Group

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Bedford-Stuyvesant, New York
Type: Townhouse
Price: $1,695,000
Re Tax: $3,060
Date Listed: 1/20/2025
Web ID: 1103084104

Info & Amenities

Type: Townhouse
Rooms: 15.0
Bedrooms: 8
Bathrooms: 4.0
Washer and dryer: Yes
Built: 1899
Pets allowed: Yes

Map of Area for 719 LAFAYETTE Avenue