701 Lafayette Ave
Brooklyn, NY 11221 (Bedford - Stuyvesant)
Contact For Estimate

701 Lafayette Ave
Brooklyn, NY 11221

(Bedford - Stuyvesant)
  • 1,800 sqft
  • 2,000 sqft lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
701 Lafayette Ave
  • 12
  • See the local terrain and how close this home is to parks and main streets.

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  • Take a virtual walk around the neighborhood.

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  • 1 Elementary School

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  • High crime relative to the rest of Kings county.

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  • 17% of residents commute by car.

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  • 528 Restaurants

    111 Grocery stores

    123 Nightlife

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  • Get a feel for the community.

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • Built in 1899
  • 2,000 sqft lot size
  • 1,800 sqft
Description

This property is no longer available to rent or buy. This description is from July 06, 2017
Incredible Development Investment opportunity. 701 Lafayette is an exceptional 20 x 100 ft vacant lot on a tree-lined block in one of Brooklyn's developer's most coveted neighborhoods, Prime Bedford Stuyvesant. Ripe and Ready for Potential, the property has 6,000 SF OF DEVELOPMENT RIGHTS. Zoning allows for up to a five story building with 8 units. Perfectly situated at the north east corner of Herbert Von King Park off Tompkins Avenue, 701 Lafayette Avenue is a Developer's Dream surrounded by green space, superb dining, local shopping, and in the beating heart of Brooklyn's dynamic, evolving cultural ecosystem. Local favorites include Black Swan, Civil Service Caf, Pilar Cuban Eatery, Playground, Stone Fruit Espresso + Kitchen, Project Parlor, Burley Coffee, Rustik Tavern, Borough Restaurant & Bar, and ReConnect Caf.Transportation: G Train at G at Bedford Nostrand, A/C at Nostrand, C/S at Franklin and LIRR at Nostrand, allowing for an easy commute to Manhattan and beyond. LOT SIZE: 20 x 100 ft LOT AREA: 2,000 SF TOTAL BUILDABLE SF: 6,000 SF ZONING: R6A ZONING MAP: 17A BLOCK/LOT: 1786/71 TOTAL ASSESSMENT: $11,104 ANNUAL TAXES (16/17): $2,220 MONTHLY TAXES: $185 *Set-up available upon request.*

Price History
Date
Price
Event

11/30/2017
$1,130,000
Sold
Recording Date
11/30/2017
Contract Date
11/09/2017
Sale Price
$1,130,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

12/10/2015
$1,200,000
Sold
Recording Date
12/10/2015
Contract Date
12/04/2015
Sale Price
$1,200,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

10/08/2014
$380,000
Sold
Recording Date
10/08/2014
Contract Date
09/09/2014
Sale Price
$380,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

01/21/2009
$550,000
Sold
Recording Date
01/21/2009
Contract Date
10/17/2008
Sale Price
$550,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$2,048.64
Assessments
$10,477
Land
$3,788
Improvements
$6,689
Total
$10,477
Market Value
N/A

Price Trends
Real Estate Trends
Average Listing Price for 11221
$1,223,034
122% above sold price
Median Sale Price for 11221
$735,000
34% above sold price
Average Sale price/sqft for 11221
$495/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
1.64
Multi-Family
$1,200,000
12/29/17
-
-
2,828
0.86
Multi-Family
$1,250,000
12/26/17
-
-
2,925
1.71
Multi-Family
$1,250,000
01/08/18
-
-
2,700
2.06
Multi-Family
$1,210,950
12/27/17
-
-
2,142
1.28
Multi-Family
$850,000
12/28/17
-
-
1,989
2.19
Multi-Family
$1,150,000
12/27/17
-
-
2,100
1.8
Multi-Family
$800,000
01/05/18
-
-
2,565
1.45
Multi-Family
$999,000
12/29/17
-
-
3,240
3.32
Multi-Family
$1,070,000
12/26/17
-
-
1,920
3.7
Multi-Family
$950,000
01/09/18
-
-
1,905

Contact Info


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