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Listing Courtesy of Sothebys International Realty
$ 3,698,000
Est. payment /mo
New
571 Lafayette Avenue Brooklyn, NY 11205
7 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bed Stuy
MLS Listing ID RLS20031241
Bedrooms 7
HOA Y/N Yes
Year Built 2019
Annual Tax Amount $8,688
Property Sub-Type Multi Family
Property Description
A rare chance to acquire a fully leased, income-generating multifamily property on the vibrant border of Bedford-Stuyvesant and Clinton Hill, two of Brooklyn's most desirable and fast-growing neighborhoods. Just minutes from the Bedford-Nostrand G train, 571 Lafayette Avenue offers strong connectivity to Downtown Brooklyn, Williamsburg, and Manhattan.
Built from the ground up in 2019, this modern 6-unit walk-up was thoughtfully designed for long-term performance and low maintenance. The premium unit mix includes five 1-bedroom apartments and one 2-bedroom apartment, each featuring: central air, updated finishes, private storage, individual hot water heaters and mechanicals. Select units enjoy private outdoor space.
This fully occupied property is leased at market rents, generating $198,540 in annual income, with a pro forma cap rate of approximately 5%. Located in a Qualified Opportunity Zone, this asset presents significant tax advantages and long-term upside in one of Brooklyn's most stable rental markets.
Surrounded by neighborhood favorites—cafés, parks, restaurants, and cultural landmarks, 571 Lafayette Avenue offers the perfect combination of lifestyle appeal and investment performance.
Built from the ground up in 2019, this modern 6-unit walk-up was thoughtfully designed for long-term performance and low maintenance. The premium unit mix includes five 1-bedroom apartments and one 2-bedroom apartment, each featuring: central air, updated finishes, private storage, individual hot water heaters and mechanicals. Select units enjoy private outdoor space.
This fully occupied property is leased at market rents, generating $198,540 in annual income, with a pro forma cap rate of approximately 5%. Located in a Qualified Opportunity Zone, this asset presents significant tax advantages and long-term upside in one of Brooklyn's most stable rental markets.
Surrounded by neighborhood favorites—cafés, parks, restaurants, and cultural landmarks, 571 Lafayette Avenue offers the perfect combination of lifestyle appeal and investment performance.
Location
State NY
County Kings
Interior
Cooling Central Air
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher
Laundry Common On Floor
Exterior
Exterior Feature Building Garden, Balcony, Garden, Private Outdoor Space Over 60 Sqft
Present Use Multi-Family
Porch Building Terrace, Terrace, Balcony
Private Pool No
Building
Dwelling Type Multi Family
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $724
Pets Allowed Building Yes, Yes
RLS Data display by BēKin
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