256 JEFFERSON Avenue, Brooklyn, NY 11216
256 JEFFERSON Avenue, Brooklyn, NY 11216
256 JEFFERSON Avenue, Brooklyn, NY 11216
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Randy Reis

Randy Reis

+1(917) 336-1118
Listing Courtesy of Serhant
$4,499,999
Est. payment /mo
7 Beds
5 Baths
5,200 SqFt
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UPDATED:

Key Details

Property Type Multi Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $865

Subdivision Bedford-Stuyvesant

MLS Listing ID RLS20115523

Bedrooms 7

Full Baths 5

HOA Y/N No

Year Built 1900

Annual Tax Amount $15,984

Property Sub-Type Multi Family

Property Description

A Rare Five-Story Income Producing Townhouse Opportunity in Prime Bed-StuyWelcome 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.

Location

State NY

County Kings

Rooms

Basement Other

Interior

Interior Features High Ceilings, Smoke Free, Storage, Walk-In Closet(s)

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Decorative

Fireplace Yes

Appliance Washer Dryer Allowed

Laundry Washer Hookup, In Unit

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

Pool Building None

View Y/N No

View Other

Porch Patio, Terrace

Private Pool Yes

Building

Dwelling Type Townhouse

Story 5

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 01833-0036

Ownership None

Monthly Total Fees $1, 332

Special Listing Condition Standard

Pets Allowed Building Yes, No

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REBNY IDX
RLS Data display by eXp Realty

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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