913 Lafayette Ave, Brooklyn, NY 11221

Property Description

913 Lafayette Avenue | Bedford-Stuyvesant, Brooklyn Asking Price: $2,250,000 25-Foot-Wide Three-Family Townhouse | Vacant Delivery | Approved Condominium Conversion Plans An exceptional opportunity for investors, developers, and end users in the heart of Bedford-Stuyvesant. Offered vacant and as-is, this legal three-family townhouse presents two compelling investment scenarios: Scenario 1 | Income-Producing Investment or Owner-Occupied Townhouse With a projected cap rate of approximately 8.8%, the property offers attractive rental income potential. Alternatively, an end user can occupy one spacious residence while generating income from the remaining two apartments. The property's generous proportions and flexible configuration create an appealing opportunity for long-term ownership in one of Brooklyn's most vibrant and evolving neighborhoods. Scenario 2 | Boutique Luxury Condominium Conversion Approved architectural plans envision three generously proportioned residences totaling approximately 5,550 SF, with a projected gross condominium sellout of around $5.5M. Thoughtfully executed, these residences have the potential to introduce a truly distinctive product to Bedford-Stuyvesant. Their expansive layouts and intimate three-residence configuration evoke the sophistication and scale of high-end Tribeca living, nestled within Bed-Stuy's vibrant cultural landscape of boutique coffee shops, acclaimed eateries, and thriving creative community. A Rare Opportunity with Multiple Paths to Value Whether envisioned as a high-performing rental investment, an owner-occupied townhouse supported by two rental incomes, or a boutique luxury condominium development, 913 Lafayette Avenue combines income potential, architectural character, and long-term investment flexibility in one of Brooklyn's most distinctive neighborhoods.