by RH Advisors

See Home Value
$1,890,000
Multifamily - Off Market

629 Jefferson Avenue #BUILDING

Brooklyn, NY 11221
bedrooms
6 Beds
bathrooms
5 Baths
square feet
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.
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
Townhouse
6 Beds
4 Baths
3,660 ft²
$519/ft²
$1,900,000 Feb 24, 2023
-
-
Townhouse
6 Beds
4 Baths
3,420 ft²
$482/ft²
$1,649,000 Mar 23, 2023
-
-
Townhouse
6 Beds
3 Baths
2,820 ft²
$656/ft²
$1,849,000 Aug 8, 2022
-
-
Townhouse
6 Beds
4 Baths
2,500 ft²
$660/ft²
$1,650,000 Oct 19, 2021
-
-
Townhouse
5 Beds
4 Baths
3,200 ft²
$547/ft²
$1,750,000 Jan 30, 2023
-
$552/mo
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
20201218 Unit BUILDING
12/18/2020
6 Bed
5 Bath
3600 ft²
$1,800,000
bedrooms
6 Bed
bathrooms
5 Bath
square feet
3600 ft²
$1,890,000 +5.00%
02/28/2023
-
Enilolobo Oyo
Compass

Building Info

629 Jefferson Avenue 629 Jefferson Avenue, Brooklyn, NY 11221
  • 4 Units
More about this Building
629 Jefferson Avenue
Want to find out who owns 629 Jefferson Avenue, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


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