Total Est. Monthly Carrying Cost:
$15,372 ($5.08/ft2)
Note: the above is based on a down payment of 20% ($559,800),
which is the minimum amount permitted by the building.
Description
Welcome to 697 Jefferson Avenue, a stunning Queen Anne Victorian style brownstone located in the heart of Bedford Stuyvesant. This four-family brownstone sits on a 25’ 100’ lot with three exposures, providing ample sunlight throughout the day.
As you enter the property, you will immediately notice the exquisite original woodwork that has been well-maintained over the years, adding to the charm and character of this historic home. The intricate details on the staircase, doors, and moldings are a testament to the craftsmanship of the era in which it was built.
This brownstone boasts eight bedrooms and four bathrooms, making it a fantastic investment opportunity for those looking to rent out multiple units.
With four separate apartments, each with their own kitchen and bathroom, this property offers a variety of living arrangements for its occupants. Additionally, its investor-friendly location and potential for appreciation make it an attractive prospect for savvy buyers.
Some of the main details of this property include:
Queen Anne Victorian style brownstone Four-family home 25’ 100’ lot with three exposures Original woodwork Over 2,400 sqft of unused FAR 8 bedrooms and 4 bathrooms Investor-friendly location
The property is zoned R6B, which allows for a maximum of 2.0 FAR and a maximum building height of 50 feet. With over 2,400 square feet of unused FAR, there is plenty of potential for expansion and customization to suit your needs.
Whether you’re looking to add more units, create a luxurious owner’s suite, or convert the property into a single-family home, the possibilities are endless.
Located within a half-mile radius are some of the area’s most popular attractions, including the Brooklyn Children’s Museum, Herbert Von King Park, and the historic Weeksville Heritage Center.
Additionally, the property is conveniently located near the A and C subway stops, providing easy access to Manhattan and other parts of Brooklyn. The A train runs express to Manhattan and stops at popular destinations such as Times Square, Penn Station, and the World Trade Center. The C train runs local and connects to other subway lines such as the J, Z, and L, providing easy access to various parts of Brooklyn and Queens.
Bedford Stuyvesant is a vibrant and culturally rich neighborhood in Brooklyn, known for its brownstones, tree-lined streets, and diverse community.
The area has undergone significant development in recent years, with new restaurants, shops, and entertainment venues opening up alongside longstanding community institutions.
697 Jefferson Avenue is a rare opportunity to own a piece of Brooklyn history in one of its most vibrant neighborhoods. Whether you’re an investor looking for a multi-family property or a homeowner looking for a spacious and customizable home, this brownstone has everything you need and more. Don’t miss out on this incredible opportunity - contact us today to schedule a viewing.
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