256 Jefferson Ave, Brooklyn, NY 11216

Property Description

A Rare Five-Story Income Producing Townhouse Opportunity in Prime Bed-Stuy Welcome to 256 Jefferson Avenue, a rare opportunity to acquire a fully renovated five-story, five-unit 20 foot wide brownstone townhouse measuring almost 5,200 SF on one of the most bucolic PRIME blocks in the heart of Bedford-Stuyvesant's coveted Bedford Historic District. Combining grand late-19th-century architecture with substantial income potential, the property offers an increasingly uncommon blend of historic character, modern infrastructure and investment performance. Configured as five market-rate residences-one apartment per floor-the property has a projected combined rent roll of approximately $21,000 per month / $252,000 annually, generating a projected NOI of approximately $225,500 and a 5.0% CAP rate.The building has undergone a comprehensive renovation including new plumbing and electrical systems and a premium Mitsubishi multi-zone heat-pump HVAC system, all while preserving its distinctive historic character. Original details include decorative fireplace mantels and tilework, pocket doors, crown moldings and beautiful 19th-century stained-glass windows, while the building's ornate period facade has been meticulously restored. Each residence is thoughtfully appointed with quality appliances from brands including Bosch, GE, Whirlpool, Frigidaire and LG, along with the convenience of in-unit washers and dryers. Individually controlled heating and cooling, custom window shades and Fios readiness throughout further enhance the property's appeal to today's renters. Private outdoor spaces include a renovated garden with bluestone pavers and cedar fencing and a third-floor private deck with skyline views. Additional features include generously sized 1,200 SF cellar with future finishing potential to create additional usable storage space. Set along picturesque Jefferson Avenue within the Bedford Historic District, 256 Jefferson is surrounded by some of Bed-Stuy's most beautiful blocks, historic architecture, neighborhood restaurants, bars, cafés and amenities, with convenient access to the A and C trains at Nostrand Avenue a short 5 minute stroll away that gets you from your front door to lower Manhattan in approximately 20 minutes. With five full stories, five market-rate residences, approximately $252,000 in projected annual rental income and a projected 5.0% CAP rate, 256 Jefferson Avenue offers a rare combination of architectural pedigree, turnkey condition and compelling income potential in the heart of historic Brooklyn. Please inquire for Rent Roll and Expenses.