NOT LISTED FOR SALE

728 Lafayette Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,439,520 - $1,845,000

Studio
-- Bath
3,431 Sq Ft
$469/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,650,000 $481 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,218/month

Highlights

  • Intercom
  • Central Air
  • 3-minute walk to Herbert Von King Park

About This Home

As of June 2023

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.

Last Agent to Sell the Property

Alain Da Sylveira

EXP Realty NYC License #40DA0932480 Listed on: 04/18/2023

EXP Realty NYC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,581

Year Built

  • Built in 2008

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 18.00 x 100.00

Interior Spaces

  • 3,431 Sq Ft Home
  • 3-Story Property
  • Intercom

Utilities

  • Central Air

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 23 / 1791

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,581

Year Built

Built in 2008

Lot Details

1,800 Sq Ft Lot

Listing Details

  • Cross Street: Throop Avenue/Tompkins Avenue
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Walk-Up
  • Structure Type: Multi Family, Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3431.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1800.0
  • Lot Size Dimensions: 18.00 x 100.00

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 2008

Tax Info

  • Tax Block: 1791
  • Tax Lot: 23
  • Tax Annual: 9581.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2024
Sold by
728 Lafayette Llc
Bought by
728 Lafayette Ave Realty Llc
Current Estimated Value
$1,610,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2018
Sold by
Howlader Aminul
Bought by
728 Lafayette Llc

Purchase Details

Closed on
Jan 29, 2014
Sold by
728 Lafayette Llc
Bought by
Howlader Aminul

Purchase Details

Closed on
Dec 12, 2013
Sold by
Hossain Belal
Bought by
728 Lafayette Llc

Purchase Details

Closed on
Jan 22, 2004
Sold by
B & H General Contracting Corp
Bought by
Hossain Belal
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
728 Lafayette Ave Realty Llc $1,400,000 --
728 Lafayette Ave Realty Llc $1,400,000 --
728 Lafayette Llc -- --
728 Lafayette Llc -- --
728 Lafayette Llc -- --
Howlader Aminul -- --
Howlader Aminul -- --
728 Lafayette Llc -- --
728 Lafayette Llc -- --
Hossain Belal -- --
Hossain Belal -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 728 Lafayette Ave Realty Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Sold $1,650,000 0.0% $481 / Sq Ft
04/19/2023 04/19/23 For Sale $1,650,000 -- $481 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
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 $10,043 $100,620 $15,240 $85,380
2024 $10,043 $97,260 $15,240 $82,020
2023 $9,581 $96,840 $15,240 $81,600
2022 $3,925 $90,300 $15,240 $75,060
2021 $9,812 $80,940 $15,240 $65,700
2019 $8,717 $85,440 $15,240 $70,200
2018 $8,014 $39,312 $5,772 $33,540
2017 $279 $38,880 $9,002 $29,878
2016 $274 $38,880 $11,687 $27,193
2015 $4,424 $36,808 $12,808 $24,000
2014 $4,424 $34,725 $12,083 $22,642
Source: Public Records

Agents Affiliated with this Home

  • Alain Da Sylveira

    Seller's Agent in 2023

    Alain Da Sylveira

    EXP Realty NYC

    (347) 992-6533

    5 in this area

    11 Total Sales

    Alain Da Sylveira
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10966486

Real Estate Board of New York (REBNY)

APN: 01791-0023

New York Kings County Brooklyn 11221 Bed-Stuy

728 Lafayette Ave, Brooklyn, NY

Not Listed for Sale

Townhouses

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Real Estate Board of New York (REBNY) 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.

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