For Sale, USD 3,698,000
571 Lafayette Avenue, Brooklyn, New York, United States
Property Type : Condo
Property Style : N/A
Build Size : N/A
Land Size : N/A
Bedroom : 7
Bathroom : 6
Half Bathroom : 0
MLS#: 40367285
Property Description
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 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.
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6-Unit Multifamily in Prime Brooklyn, United States,New York,Brooklyn is a Brooklyn luxury Condo listed for sale USD 3,698,000. This high end Brooklyn Condo is comprised of 7 bedrooms and 6 baths. Find more luxury properties in Brooklyn or search for luxury properties for sale in Brooklyn.