A rare chance to acquire a fully leased, income-generating multifamily property on the vibrant border of Bedford-Stuyvesant and Clinton Hill, two of Brooklyn’s most desirable and fast-growing neighborhoods. Just minutes from the Bedford-Nostrand G train, 571 Lafayette Avenue offers strong connectivity to Downtown Brooklyn, Williamsburg, and Manhattan. Built from the… Read More ground up in 2019, this modern 6-unit walk-up was thoughtfully designed for long-term performance and low maintenance. The premium unit mix includes five 1-bedroom apartments and one 2-bedroom apartment, each featuring: central air, updated finishes, private storage, individual hot water heaters and mechanicals. Select units enjoy private outdoor space. This fully occupied property is leased at market rents, generating $198,540 in annual income, with a pro forma cap rate of approximately 5%. Located in a Qualified Opportunity Zone, this asset presents significant tax advantages and long-term upside in one of Brooklyn’s most stable rental markets. Surrounded by neighborhood favorites—cafés, parks, restaurants, and cultural landmarks, 571 Lafayette Avenue offers the perfect combination of lifestyle appeal and investment performance. Read Less
Listing Courtesy of: Natalia Correa, Sothebys International Realty
Listing Snapshot
Days Online
49
Last Updated
Property Type
MultiFamily
Beds
7
Full Baths
6
Lot Size
0.04 Acres
Year Built
2019
MLS Number
RLS20031241
30 Days Snapshot Of 11205
$1.81M
+3%
(avg) sold price
8
-27%
homes sold
69
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Units: SquareFeet, Rooms Total: 13, Structure Type: MultiFamily
Exterior Features
Patio And Porch Features: BuildingTerrace, Terrace, Balcony
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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