NOT LISTED FOR SALE

742A Lafayette Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,320,000 - $1,842,000

4 Beds
3 Baths
1,986 Sq Ft
$850/Sq Ft Est. Value

Last Sold May 14, 2019

Last sale price $1,134,000 $571 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $9,254/month

122 Days on Market

About This Home

As of May 2019

Charming Bed Stuy brick 2 family just steps away from Von King Park and 2 blocks to the G train with buildable FAR up to 3,150 SF. Just bring your contractor because this already gutted building comes with approved plans to create a 51 deep building with a 3 bedroom / 2.5 bathroom upper owner's duplex (with additional exclusive use of the cellar) and a 1 bedroom / 1 bathroom garden rental. This property provides a great opportunity to customize and personalize your new home instead of buying someone else's renovation. Other notable nearby amenities include... BKLYN Blend, Burly Cafe, Guacuco Bed-Stuy, Vin de Table, Petisco Brazuca, Sincerley Tommy, as well as several supermarkets and organic delis. There are finance options with major banks that will allow a large portion of the total purchase/renovation cost to be mortgaged and there are nearby comparable sold properties as high as 2.1M paving the way for tremendous upside potential/equity while generating income from the rental unit.

Last Agent to Sell the Property

Joseph Dima

Corcoran Group License #10301216039 Listed on: 12/12/2018

Corcoran Group

Co-Listed By

Josiane Lysius

Corcoran Group License #10301203463

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,041

Year Built

  • Built in 1931

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 15.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1791

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,041

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: Tompkins Avenue & Throop Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 15.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1931

Tax Info

  • Tax Block: 1791

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2024
Sold by
Difrancesco Joseph C and Difrancesco Joseph J
Bought by
Parras Andrew and Parras Danielle
Current Estimated Value
$1,687,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,360,000
Outstanding Balance
$1,343,631
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$343,981

Purchase Details

Listed on
Dec 12, 2018
Closed on
May 14, 2019
Sold by
Phamli Llc
Bought by
Difrancesco Joseph Chad and Difrancesco Joseph J
Seller's Agent
Joseph Dima
Corcoran Group
List Price
$1,150,000
Sold Price
$1,134,000
Premium/Discount to List
-$16,000
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%

Purchase Details

Closed on
Aug 5, 2016
Sold by
742A Lafayette Llc
Bought by
Phamli Llc

Purchase Details

Closed on
Mar 23, 2016
Sold by
Brown Sallie L
Bought by
742A Lafayette Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.62%
Mortgage Type
New Conventional
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
Parras Andrew $1,600,000 --
Difrancesco Joseph Chad $1,134,000 --
Difrancesco Joseph Chad $1,134,000 --
Phamli Llc $885,000 --
Phamli Llc $885,000 --
742A Lafayette Llc $600,000 --
742A Lafayette Llc $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parras Andrew $1,360,000
Previous Owner 742A Lafayette Llc $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2019 05/14/19 Sold $1,134,000 -1.4% $571 / Sq Ft
04/14/2019 04/14/19 Pending -- -- --
12/12/2018 12/12/18 For Sale $1,150,000 -- $579 / 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 $5,041 $114,840 $12,180 $102,660
2024 $5,041 $90,720 $12,180 $78,540
2023 $4,944 $87,480 $12,180 $75,300
2022 $3,538 $95,880 $12,180 $83,700
2021 $4,830 $105,180 $12,180 $93,000
2020 $3,622 $99,180 $12,180 $87,000
2019 $2,404 $94,560 $12,180 $82,380
2018 $2,215 $10,866 $1,458 $9,408
2017 $2,093 $10,268 $2,173 $8,095
2016 $1,319 $9,703 $2,774 $6,929
2015 $145 $9,703 $3,117 $6,586
2014 $145 $9,578 $3,696 $5,882
Source: Public Records

Agents Affiliated with this Home

  • Joseph Dima

    Seller's Agent in 2019

    Joseph Dima

    Corcoran Group

    (917) 923-0120

    16 in this area

    49 Total Sales

    Joseph Dima
    Section Image
  • Josiane Lysius

    Seller Co-Listing Agent in 2019

    Josiane Lysius

    Corcoran Group

    (917) 817-8944

    15 in this area

    47 Total Sales

    Josiane Lysius
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10524788

Real Estate Board of New York (REBNY)

APN: 01791-0031

New York Kings County Brooklyn 11221 Bed-Stuy

742A Lafayette Ave, Brooklyn, NY

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