Building & Unit Features
Three-Family Brick Townhouse for Sale with PRIVATE Driveway located on Lafayette Avenue between Classon & Franklin.
422 Lafayette is a legal 3 family and located in the heart of Clinton Hill / Bed Stuy. Building is in great condition and approximately 2,500 Square feet. Built in 2003, everything is new from top to bottom — Roof, Brick Facade, Plumbing, Electric, Foundation, Hardwood Floors. Property is great for any owner/user or investor alike. Zoning is R6A with 1.56 out of 3 FAR and approximately 1,900-2,300 buildable SF left for development (Total 4,800 SF interior SF). 16 × 100 Lot. 16 × 52 Building.
All one year leases up to September 2017 with potential vacancy option for the 2nd floor. Annual Income is currently $78,600 ($1,950 for 1st floor which has laundry hookups, $2,500 which includes the driveway for the 2nd floor, $2,100 for the 3rd floor). With Soaring rents in the area, upside rent can project to $90,000 annually (by making it into big one bedrooms with outdoor, laundry, dishwasher). 1st floor is 2 bedrooms, 2nd floor is 2 bedroom and 3rd floor is 2.5 bedrooms. All have one bath. Owner pays heat and hot water, Tenant pays cooking gas and electric. First floor has all utilities included.
Perfect location situated in Clinton Hill, Fort Greene, Bed Stuy with award winning restaurants and shopping. Culturally, Brooklyn Academy of Music (BAM), Pratt Institute, Fort Greene Park, Farmers Markets, Brooklyn Flea are all within walking distance.
All information subject to errors and omissions. Please consult your architect or attorney for verification.