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Off market
  • $2,289,300

    724 Lafayette Ave, Brooklyn, NY 11221

    4beds
    2,850sqft
    MultiFamily
    Built in 1931
    -- sqft lot
    $2,289,300 Zestimate®
    $803/sqft
    $5,108 Estimated rent

    Home value

    $2,289,300

    $2.06M - $2.56M

    $5,108/mo

    Zestimate® history
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    $5,108/mo

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    $5,108/mo

    Rent Zestimate®

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    $11,052/mo

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    $11,052/mo

    Est. payment

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    What's special

    The story of 724 Lafayette Avenue where Innovator meets Developer. This is a tale of an innovator who teamed up with a seasoned developer to re-imagined a beautiful home in the heart of BedStuy. Both excited to build a house that was unique to the marketplace and thus they conceptualized this double duplex townhouse at 724 Lafayette. This was a home that would push past the standard model, a home for friends to live together, a home for family, for in-laws. The innovator and developer knew that each unit needed to be equally proportioned with two bedrooms and two and a half bathrooms, but as a bonus, they gave the lower duplex the cellar as well. They also realized that the apartments needed to be unique and with the help of the German Kitchen Center, they were able to build two different living spaces - each with its own special nuances. Both kitchens were outfitted with Bosch and Fisher Paykal appliances. The bathrooms were also well-appointed with porcelena tiling and delta fixtures as well as dual-flush commodes. The innovator and developer understood that natural light was of utmost importance and thus added huge floor to ceiling windows/doors and double-wide windows wherever possible. None of the finishes were overlooked, rather they were meticulously mapped out. They envisioned the possibilities with this townhouse. Buyers could purchase a house to grow into with rental income that would render the monthlies lower than any nearby two-bedroom condo. Or families with adult children could live harmoniously together in the same house. Or friends down the hall could decide to continue living together. So many possibilities. The innovator also understood the value of being down the street from Herbert Von King Park and in close proximity to the G train which when coupled with the E would get the buyer to midtown in 30 minutes. He also frequented the establishments on Tompkins such as Bar Camilo and Eugene and Co. He watched as the area continued to transform with Lincoln Markets opening on Marcy. And he knew, he knew that this was a house that would find the right buyer(s) quickly. We estimate that the top unit would be able to rent for $3,800-$4,000.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 7
    • Full bathrooms: 4
    • 1/2 bathrooms: 3
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Washer
    Interior area
    • Total interior livable area: 2,850 sqft

    Property

    Lot
    • Size: 1,742 sqft
    Details
    • Parcel number: 017910021

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1931

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    7/21/2021Sold$1,985,000-0.5%$696/sqft
    Source: Public Record Report a problem
    4/8/2021Pending sale$1,995,000$700/sqft
    Source: StreetEasy Report a problem
    2/17/2021Price change$1,995,000-9.1%$700/sqft
    Source: Compass Report a problem
    7/10/2020Price change$2,195,000-0.2%$770/sqft
    Source: Idan Nadlan LLC Report a problem
    5/22/2020Listed for sale$2,199,999+157.8%$772/sqft
    Source: Idan Nadlan LLC Report a problem
    8/2/2018Sold$853,400-26.7%$299/sqft
    Source: Public Record Report a problem
    4/2/2018Sold$1,163,701+52.3%$408/sqft
    Source: Public Record Report a problem
    12/8/2017Listing removed$763,955+52.8%$268/sqft
    Source: Auction.com Report a problem
    11/8/2017Listed for sale--
    Source: Auction.com Report a problem
    2/4/2016Listing removed$500,000$175/sqft
    Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #386039 Report a problem
    5/20/2015Price change$500,000+61.8%$175/sqft
    Source: Weichert Realtors The Franzese Group #386039 Report a problem
    4/6/2015Price change$309,000-67.8%$108/sqft
    Source: Weichert Realtors The Franzese Group #386039 Report a problem
    5/30/2014Listed for sale$959,000+22.9%$336/sqft
    Source: Weichert, Realtors� #386039 Report a problem
    4/10/2007Sold$780,000+40.5%$274/sqft
    Source: Public Record Report a problem
    10/31/2006Sold$555,000$195/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,944 +5.4%$100,350 +6.7%
    2024$5,639 $94,050 +7.7%
    2023-- $87,300 +1.6%
    2022-- $85,950 +6.6%
    2021-- $80,640 +3%
    2020$4,585 +5.9%$78,300 +7.4%
    2019$4,328 $72,900 +126.9%
    2018-- $32,129 +5.2%
    2017$3,884 +6.6%$30,534 +8%
    2016$3,643 $28,275
    2015$3,643 +53.9%$28,275 +5.9%
    2014$2,366 $26,691 +8%
    2013-- $24,715 +5.2%
    2012-- $23,488 +8%
    2011-- $21,750
    2010-- $21,750 +5.9%
    2009-- $20,532 +8%
    2008-- $19,012 +5.2%
    2007-- $18,068 +8%
    2006-- $16,731
    2005-- $16,731 +5.9%
    2004-- $15,795 +8%
    2003-- $14,625 +5.2%
    2002-- $13,899 +8%
    2001-- $12,870
    2000-- $12,870

    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Community District 16

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.