$1,695,000

719 Lafayette Ave New York City, NY 11221

$10,000
Closing credit¹
8 beds
4 full
3,005 sqft
$564 / sqft
Multi-Family

Property details

About 719 Lafayette Ave

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.<br> <br> 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.<br> <br> 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.<br> <br> 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.<br> <br> 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.

Highlights

Home typeMulti Family
StatusSale Pending
Size3,005 sqft
BasementYes
Year built1899
MLS #RLS11029851
ViewOther

Summary

  • MLS Number: RLS11029851
  • MLS Name: RLS
  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Deborah Rieders
  • Agent Phone: (917) 494-2503

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

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Last updated on: 3/15/2025, 7:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,695,000

719 Lafayette Ave

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

3

P.S. 25 Eubie Blake School

Public Magnet KG-5

0.2 mi

787 Lafayette Ave

3

P.S. 256 Benjamin Banneker School

Public District KG-6

0.3 mi

114 Kosciuszko St

2

Brighter Choice Community School

Public District PK-5

0.3 mi

280 Hart St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $35,274. The majority of New York City, NY residents have income less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

50%
<35k
41%
35k-100k
8%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

58%
Single, No Kids
25%
Single, with Kids
9%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
7%
12-17 yrs old
30%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts
  • TennisTennis

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • H&MH&M
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • ChipotleChipotle
  • StarbucksStarbucks

What do the neighbors drive?

  • ToyotaToyota
  • VolkswagenVolkswagen
  • BMWBMW

What do the neighbors listen to?

  • JazzJazz
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 719 Lafayette Ave in New York City, NY and zip code 11221 in the Stuyvesant Heights neighborhood. This 3,005 square foot home was built in 1899. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $1,695,000.

Over 189 listings were sold over their listed price in February 2025 in New York City, NY. In the same period over 627 listings were sold below the listed price and 682 listings were sold for the listed price. The number of listings in New York City, NY decreased by 3.1% between January and February 2025. While the average time on the market in February 2025 was 130 days, the median list price was $867,439.

From Rocket Homes Real Estate and based on county public records data.

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