Location, Value and Endless Possibilities. 347 Jefferson Ave is a legal 4 story, 4 family brownstone located in the heart of prime Bedford Stuyvesant! This turnkey investment property is ideal for the new or savviest investor.
Sitting at 19 ft wide, on an 80.25 ft lot this property offers 3,420 SF, an additional FAR of 1,586, brand new roof and roof hatch, upgraded heating system with two new 50-gallon hot water heaters, a full stoop repair and refinishing guaranteed to last for the next 30+ years and an ultra-rare high yield apartment configuration of two 3br, 1ba spacious apartments, one 2br, 1ba apartment and a 1br, 1ba apartment with its very own private outdoor space at approximately 450 SF. All units are free market, income producing rental apartments with a potential cap rate easily over 5%. Each unit offers beautiful hardwood floors, stainless steel and modern appliances, ample storage space, high ceilings and large windows that bring abundant natural sunlight.
Located right across the street from Eugene & Company, down the block from Peaches, Bed Vyne, Doctors Cave Café and a few blocks from Saraghina, Brooklyn Beso, Brown Sugar and Treehouse Bar & Grill. Transportation is close by; catch the A or C train at Nostrand Ave, the C train at Kingston-Throop Ave or the G train at Bedford and Nostrand Ave. Contact me today to view this great investment property!
Courtesy of: Douglas Elliman 156 Montague
Office Phone: 718.780.8100
Listing Agent: Ryan Roberts
Updated: 19th February, 2020 1:00 AM.
347 Jefferson Avenue Brooklyn, NY