SOLD FOR $1,650,000
· Sold at asking price · Closed June 29, 2023
$1,650,000
$481 per sq ft
728 Lafayette Avenue
MLS® #RLS10966486
Listing by EXP Realty NYC
Studio
0
Bath
3,431
Sq. Ft.
2008
Year Built
Sale Details
Property Summary
Description
Prime Brooklyn Investment Opportunity; Modern, Fully-Occupied 3-Unit Building with Over 5% Cap Rate & Depreciation Benefits. Invest in an exceptional, fully-occupied 3-unit modern building in the heart of Bedford Stuyvesant neighborhood in Brooklyn. 728 Lafayette Avenue boasts a unique design, robust cap rate, and depreciation benefits, making it an ideal choice for investors. The structure is made of glass and steel panels, setting it apart from traditional brick and Brownstone homes in the area. The prime location, the unique architecture and modern amenities, make this property an attractive investment. Each of the three apartments offers an open floor concept, central HVAC, recessed LED lighting, hardwood flooring, and fully equipped kitchens with marble countertops. Currently the property is fully-occupied, the second and third-floor one-bedroom units, along with the first-floor two-bedroom duplex, generate a lucrative cap rate of over 5%. The thriving Bedford Stuyvesant rental market and increasing demand ensure a great upside for investors. One of the advantage of this investment is the opportunity to leverage depreciation, allowing investors to offset a portion of the rental income, reduce taxable income, and potentially save on taxes. The property also features the rare luxury of one dedicated parking space, adding significant value. The modern amenities and finishes ensure low maintenance costs. Everyone pays for their gas, heating and electrical consumption. Priced at $1,650,000, this investment opportunity is within close proximity to public transportation, renowned restaurants, and essential services, making it a top choice for tenants in Bedford Stuyvesant. Don't miss out on this extraordinary opportunity to invest in a unique, income-generating property in a prime Brooklyn location. To learn more about the financial details and growth prospects of 728 Lafayette Avenue, including the advantages of depreciation and the strong cap rate, please reach out to schedule a viewing or discuss further.
Property Details
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Listing courtesy of ALAIN DASYLVEIRA at EXP Realty NYC. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.