NOT LISTED FOR SALE
4 Beds
5.5 Baths
2,850 Sq Ft
1,742 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $1,985,000 $696 Per Sq Ft

2,493 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • Garden
  • Terrace
  • Building Terrace
  • 3-minute walk to Herbert Von King Park

About This Home

As of June 2021

The story of 724 Lafayette Avenue where Innovator meets Developer. This is a tale of an innovator who teamed up with a seasoned developer to re-imagined a beautiful home in the heart of BedStuy. They were both very excited to build a house that was unique to the marketplace and thus was born this double duplex townhouse at 724 Lafayette. This was a home that would push past the standard model, a home for friends to live together, a home for family, for in-laws. The innovator and developer knew that each unit needed to be equally proportioned with two bedrooms and two and a half bathrooms, but as a bonus, they gave the lower duplex the cellar as well. They also realized that the apartments needed to be unique and with the help of the German Kitchen Center, they were able to build two different living spaces - each with its own special nuances. But both kitchens were outfitted with Bosch and Fisher Paykal appliances. The bathrooms were also well-appointed with porcelena tiling and delta fixtures as well as dual-flush commodes. The innovator and developer understood that natural light was of utmost importance and thus added huge floor to ceiling windows/doors and double-wide windows wherever possible. None of the finishes were overlooked, rather they were meticulously mapped out. They envisioned the possibilities with this townhouse. Buyers could purchase a house to grow into with rental income that would render the monthlies lower than any nearby two-bedroom condo. Or families with adult children could live harmoniously together in the same house. Or friends down the hall could decide to continue living together. So many possibilities. The innovator also understood the value of being down the street from Herbert Von King Park and in close proximity to the G train which when coupled with the E would get the buyer to midtown in 30 minutes. He also frequented the establishments on Tompkins such as Bar Camilo and Eugene and Co. He watched as the area continued to transform with Lincoln Markets opening on Marcy. And he knew, he knew that this was a house that would find the right buyer(s) quickly. We estimate that the top unit would be able to rent for $3,800-$4,000.

Last Agent to Sell the Property

Tali Berzak

Compass License #10301209148 Listed on: 07/27/2020

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1931

Lot Details

  • Lot Dimensions are 19.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,850 Sq Ft Home
  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Terrace

Community Details

  • Bedford Stuyvesant Subdivision
  • Building Terrace

Listing and Financial Details

  • Legal Lot and Block 21 / 1791

Home Details

Home Type

Single Family

Year Built

Built in 1931

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Cross Street: Tompkins Avenue/Throop Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2850.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 19.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1931

Tax Info

  • Tax Block: 1791
  • Tax Lot: 21
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $1,985,000 +133.5% $696 / Sq Ft
04/25/2018 04/25/18 Sold $850,000 -57.2% $444 / Sq Ft View Prior Sale
01/29/2018 01/29/18 Pending -- -- --
06/10/2014 06/10/14 For Sale $1,985,000 -- $696 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,639 $100,350 $7,200 $93,150
2024 $5,639 $94,050 $7,200 $86,850
2023 $5,124 $87,300 $7,200 $80,100
2022 $4,857 $85,950 $7,200 $78,750
2021 $4,509 $80,640 $7,200 $73,440
2020 $3,363 $78,300 $7,200 $71,100
2019 $4,376 $72,900 $7,200 $65,700
2018 $4,086 $32,129 $3,808 $28,321
2017 $3,884 $30,534 $4,071 $26,463
2016 $3,645 $28,275 $4,712 $23,563
2015 $2,366 $28,275 $5,655 $22,620
2014 $2,366 $26,691 $6,374 $20,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10651869

Real Estate Board of New York (REBNY)

APN: 01791-0021

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