NOT LISTED FOR SALE

725 Lafayette Ave Unit 3A Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $628,694 - $683,000

1 Bed
1 Bath
678 Sq Ft
$975/Sq Ft Est. Value

Last Sold January 04, 2024

Last sale price $595,000 $878 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,557/month

18 Days on Market

Highlights

  • New Construction
  • South Facing Home
  • 3-minute walk to Herbert Von King Park
  • Balcony

About This Home

As of January 2024

Introducing 725 Lafayette Avenue; a newly constructed boutique condo, featuring seven (7) over-sized one-bedroom (1BR) simplex & duplex residences, most of which feature private outdoor space. The building is situated in the heart of Bedford-Stuyvesant, a half block from Herbert von King Park.

Residence 3B is a rear-facing, ample sized one-bedroom (1BR), one-bathroom (1BA) simplex spanning approximately 676 SQ FT with a private balcony. Honey toned hardwood floors introduce a subtle, neutral warmth to the space upon entry.

The contemporary kitchen is outfitted with minimalist white lacquer cabinetry accented by a grey, subway-tiled backsplash and a generous "breakfast bar", which is perfect for a quick bite or extra seating for more expansive entertaining. The kitchen is equipped with a top-of-the-line Bloomberg stainless steel appliance package.

The living room continues the theme of generous proportion and provides an uncompromised space for living and dining, highlighted by a luminous southern exposure.

The bedroom is not only gracious, but well lit; perfect for those with a green thumb. With dimensions of 10' x 15', the bedroom easily fits a king-sized bed as well as a room for large furniture pieces or a workspace; and let's not forget the over-sized closet!

The bathroom displays a unique style of contrasting white and black, floor-to-ceiling tiles and black floor tiling to match. A Zen, monochromatic palette that is calming and chic.

725 Lafayette is ideally located directly next to Herbert von King Park, and is surrounded by neighborhood favorites such as: BKLYN Blend, Vida's Brooklyn, Guacuco Bed-Stuy, Petisco Brazuca, Peaches, Bar Camillo, Little Roy Coffee Co., Nagle's Bagels, Warude, Bed-Vyne Brew, Brooklyn Kettle, Peace and Riot, Eugene & Co, Crossfit Outbreak, Blink Fitness, Swell Dive, Dynaco, and many more. Subway access includes the Myrtle Willoughby Avenue G, Bedford-Nostrand Avenue G, and the Kosciusko Street JMZ train.

This is not an offering. The complete terms are in an offering plan available from the Sponsor (File No: CD19-0333)

Last Agent to Sell the Property

Justin Mcmahon

Douglas Elliman Real Estate License #10401309100 Listed on: 06/28/2021

Douglas Elliman Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,832

Lot Details

  • 2,483

HOA Fees

  • $315 Monthly HOA Fees

Home Design

  • 678 Sq Ft Home
  • New Construction

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Balcony
  • South Facing Home
  • No Cooling

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 0061 / 01786

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,832

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Walk-Up
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Living Area: 678.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: No
  • Exterior Features: Balcony
  • Patio/Porch Features: None, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 315.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Rental Building
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: Yes

Tax Info

  • Tax Block: 01786
  • Tax Lot: 0061
  • Tax Annual: 5832.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Jan 4, 2024
Sold by
725 Laf Partners Llc
Bought by
Genovese Chiara
Seller's Agent
Justin Mcmahon
Douglas Elliman Real Estate
List Price
$595,000
Sold Price
$595,000
Views
5
Current Estimated Value
$641,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,414
Avg. Annual Appreciation
5.57%
Original Mortgage
$476,000
Outstanding Balance
$469,424
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$179,142
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Genovese Chiara $605,858 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Genovese Chiara $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2024 01/04/24 Sold $595,000 0.0% $878 / Sq Ft
06/27/2023 06/27/23 Off Market $595,000 -- --
03/05/2023 03/05/23 Off Market $595,000 -- --
07/16/2021 07/16/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $595,000 -- $878 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $8,395 $77,156 $10,576 $66,580
2024 $8,395 $72,359 $10,576 $61,783
2023 $7,627 $67,157 $10,576 $56,581
2022 $6,290 $60,511 $10,576 $49,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10925315

Real Estate Board of New York (REBNY)

APN: 01786-1205