NOT LISTED FOR SALE

Estimated Value: $1,332,000 - $2,078,000

8 Beds
6 Baths
3,700 Sq Ft
$481/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2019

Last sale price $1,600,000 $432 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,377 / mo

1174 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 2-minute walk to Herbert Von King Park

About This Home

As of July 2019

A three-story, multi-family rental property nestled across the street from Herbert Von King Park, 700 Lafayette is an incredibly rare investment opportunity to own in the heart of Bedford-Stuyvesant. The building sits on a spacious corner lot and has been built out to its maximum potential. It features a trio of renovated, income-producing rental units, all of which come with tenants in place.

Each unit has hardwood floors, plenty of natural light, living and dining rooms, 2 bathrooms with sleek fixtures, and a modern kitchen with tiled floors and stainless steel appliances. The first floor has 2 bedrooms, while the second and third floors each have 3. There is also an unfinished basement.

700 Lafayette is close to all the restaurants, cafes, bars, grocery stores, and shops that line Tompkins, Nostrand, and Dekalb Avenues. In addition to being across the street from Herbert Von King Park, the building is also just steps from several community playgrounds and gardens. Nearby subway lines include the A/C/G/M/J/Z.

Can be purchased as a package deal with the attached building, 702 Lafayette Ave. The buildings have the potential to be converted into condos.

Co-Listed By

Natanel Malkoukian

REAVIS DEVELOPMENT MARKETING LLC License #10491213942

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1931

Lot Details

  • Lot Dimensions are 20.0 x 46.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,700 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 / 1791

Home Details

Home Type

Single Family

Year Built

Built in 1931

Lot Details

0 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
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3700.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 8

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 46.0

Building Info

  • Total Stories: 3
  • Year Built: 1931

Tax Info

  • Tax Block: 1791
  • Tax Lot: 10

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2018
Closed on
Jul 2, 2019
Sold by
Bought by
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$1,780,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,372
Avg. Annual Appreciation
1.54%
Original Mortgage
$416,802
Outstanding Balance
$357,817
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,422,555

Purchase Details

Closed on
May 16, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,426
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2005
Sold by
Bought by

Purchase Details

Closed on
May 17, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 --
$1,600,000 --
$1,355,000 --
$1,355,000 --
$735,000 --
$735,000 --
$250,000 --
$250,000 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $416,802
Closed $416,802
Previous Owner $790,000
Previous Owner $661,426
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $1,600,000 0.0% $432 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
01/08/2016 01/08/16 For Sale $1,600,000 -- $432 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10346316

Real Estate Board of New York (REBNY)

APN: 01791-0010

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