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Map
$1,890,000
●
Multifamily -
Off Market
629 Jefferson Avenue #BUILDING
Brooklyn, NY 11221
6 Beds
5 Baths
3600 Sqft
$2,022,348
RealtyHop Estimate
7.00%
Since Mar 1, 2023
NY-New York
Primary Model
About This Property
THE START OF SOMETHING BEAUTIFUL...
SNEAK PEEK: This is a legal 4-family in use as a 3-Family . Currently set up as Owner's 2.5Bed/3Bath Garden Triplex with Den + a 2 bed /1 bath Rental + a 2 bed /1 bath Rental. Lots of original details are still there --mantles, moldings, and wainscoting are all in tact and UNPAINTED! The full finished basement has a wet bar, full bathroom and hearth.
End Users: You'll likely want to make a few edits to the owners triplex (mainly cosmetic upgrades) but the framework is there and ready for your customization. What's great about this setup is you have lots of options.
#1: Use Parlour/ Garden /Basement as an owner's triplex + earn rental income from the 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each).
#2: Rent the garden level as a duplex with the finished basement (rental comps ~$3,500 duplex) and keep the top three floors as owners Triplex.
#3: Use Garden/Basement as an owner's duplex and rent Parlour, 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each)
Investors: A couple of edits and you have 3 floor through apartments and one duplex. There are 4 gas meters, 5 electric meters, 3 kitchens (and framework for 4th kitchen). Conservative comps show a potential for $11,00 monthly rent roll and a 6% cap rate. Or renovate the entire place --one block away, a 'well renovated' home with similar footprint and remaining details sold for $2.95Mil
With 3,600SF above grade and an additional 900SF finished den with wet bar below grade, you're looking at a total of 4,500sf of usable space. The 20' x55' backyard has runners on the sides for planting and an elevated brick platform in the rear of the garden. If you know what you are looking at, then you know you are sitting on a potential gold mine of an investment.
Delivered Vacant.
SNEAK PEEK: This is a legal 4-family in use as a 3-Family . Currently set up as Owner's 2.5Bed/3Bath Garden Triplex with Den + a 2 bed /1 bath Rental + a 2 bed /1 bath Rental. Lots of original details are still there --mantles, moldings, and wainscoting are all in tact and UNPAINTED! The full finished basement has a wet bar, full bathroom and hearth.
End Users: You'll likely want to make a few edits to the owners triplex (mainly cosmetic upgrades) but the framework is there and ready for your customization. What's great about this setup is you have lots of options.
#1: Use Parlour/ Garden /Basement as an owner's triplex + earn rental income from the 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each).
#2: Rent the garden level as a duplex with the finished basement (rental comps ~$3,500 duplex) and keep the top three floors as owners Triplex.
#3: Use Garden/Basement as an owner's duplex and rent Parlour, 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each)
Investors: A couple of edits and you have 3 floor through apartments and one duplex. There are 4 gas meters, 5 electric meters, 3 kitchens (and framework for 4th kitchen). Conservative comps show a potential for $11,00 monthly rent roll and a 6% cap rate. Or renovate the entire place --one block away, a 'well renovated' home with similar footprint and remaining details sold for $2.95Mil
With 3,600SF above grade and an additional 900SF finished den with wet bar below grade, you're looking at a total of 4,500sf of usable space. The 20' x55' backyard has runners on the sides for planting and an elevated brick platform in the rear of the garden. If you know what you are looking at, then you know you are sitting on a potential gold mine of an investment.
Delivered Vacant.
Unit Size
3,600Ft²
Days on Market
802 days
Land Size
-
Price per sqft
$525
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1910
Last updated: 3 months ago (RLS #OLRS-0080327)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 28, 2023 | Sold | $1,890,000 | |
Sold | |||
Dec 21, 2022 | In contract | - | |
In contract | |||
Oct 5, 2022 | Relisted | $1,800,000 | |
Relisted | |||
Feb 14, 2021 | In contract | - | |
In contract | |||
Dec 18, 2020 | Listed by Compass | $1,800,000 | |
Listed by Compass |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 6
Bathroom Information
Full Bathrooms: 5
Interior Information
Living Area: 3600
Room Information
Rooms: 14
Exterior Details
Property Information
Year Built: 1910
Building Information
Pets Allowed: Building Yes, Yes
Lot Information
Lot Size Dimensions: 20.0 x 100.0
Land Information
Tax Lot: 45
Tax Block: 1650
Location Details
Subdivision Name: Stuyvesant Heights
Stories Total: 4
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
3
Baths
3,640 ft²
$515/ft²
$1,875,000
Jul 6, 2017
$1,875,000
Nov 30, 2017
-
6
Beds
3
Baths
3,640 ft²
$515/ft²
$1,875,000
Jul 6, 2017
$1,875,000
Nov 30, 2017
$406/mo
Townhouse
6
Beds
3
Baths
3,100 ft²
$524/ft²
$1,625,000
Jun 9, 2022
$1,625,000
Oct 4, 2022
$415/mo
Townhouse
5
Beds
4
Baths
3,360 ft²
$565/ft²
$1,900,000
May 17, 2018
$1,900,000
Feb 8, 2019
-
Townhouse
5
Beds
3.5
Baths
3,292 ft²
$545/ft²
$1,795,000
Jul 12, 2019
$1,795,000
Jan 11, 2020
-
Townhouse
5
Beds
3.5
Baths
2,700 ft²
$686/ft²
$1,851,000
Apr 28, 2022
$1,851,000
Aug 8, 2022
-
Active
Townhouse
6
Beds
4
Baths
3,660 ft²
$519/ft²
$1,900,000
Feb 24, 2023
-
-
Active
Townhouse
6
Beds
4
Baths
3,420 ft²
$482/ft²
$1,649,000
Mar 23, 2023
-
-
In Contract
Townhouse
6
Beds
3
Baths
2,820 ft²
$656/ft²
$1,849,000
Aug 8, 2022
-
-
In Contract
Townhouse
6
Beds
4
Baths
2,500 ft²
$660/ft²
$1,650,000
Oct 19, 2021
-
-
In Contract
Townhouse
5
Beds
4
Baths
3,200 ft²
$547/ft²
$1,750,000
Jan 30, 2023
-
$552/mo
In Contract
Townhouse
5
Beds
3.5
Baths
2,808 ft²
$552/ft²
$1,550,000
Jan 23, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/18/2020
|
6 Bed
|
5 Bath
|
3600 ft²
|
$1,800,000
6 Bed
5 Bath
3600 ft²
|
$1,890,000
+5.00%
02/28/2023
|
-
|
Enilolobo Oyo
Compass
|