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667 Jefferson Avenue, Brooklyn, NY 11221
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$1,350,000 Sale Price
Sold on 01/08/2022
Built In 1899
Listed By  
FLATEAU REALTY CORP
Office: 718-953-2732
Gloria Sandiford, BS, MA, LREB
Cell: 347-627-4927
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Listing ID 11010243
Property Type Townhouse
County Kings
Township Bedford Stuyvesant
Neighborhood Bedford-Stuyvesant
Total Tax $5,429

Jefferson Ave Brownstone Gutted Nds Restoration / Renovation!

Situated on a treelined block in the Stuyvesant Heights section of Bedford-Stuyvesant on Jefferson & Stuyvesant Avenues is this charming 1899 3-story, 20' W x 45' D Brownstone. This property was completely gutted in 2018 due to a fire. The building has since been stabilized per DOB requirements. It has new subfloors, new beams, and a new roof. There are no mechanicals or utilities on the interior. It is a blank slate awaiting restoration. There are open violations due to the fire which should be cured with the restoration work. The Seller will not cure, nor pay to cure any of the violations. Buyer will accept property in as-is condition with all violations. There is no C of O. However, the property is classified in tax records as a two family. Zoning: R6B. Actual FAR: 1.32. Max FAR: 2.00. The Buyer can save several thousands of dollars and lots of time by choosing to hire the same licensed architect who worked with the contractor to stabilize the building and who is already familiar with the project and has prepared drawings for the renovation. These drawings can be modified by the architect anyway the new buyer desires, should they decide to hire him. The drawings have not yet been approved by DOB. Or, hire your own architect, engineer, and contractor. This property is a great opportunity for an end user looking to create their own home from start to finish, or for the experienced developer/investor. An end user looking to Finance this type of a project would require that the buyer take a renovation loan and have 25-30% of the purchase price for the down payment, plus another 6% closing costs, at minimum. Consult a qualified renovation loan specialist for more accurate information on financing a project of this type. Depending on the finishes, and the quality of the renovation similar properties in the area are selling for between $2.1M and up. If another floor can be added, the price could be even more. Showings are by appointment only to pre-screened buyers. Seller is motivated. Willing to hear all serious offers. Offers should be submitted in writing to the listing agent with proof of funds.
Listing provided by Gloria Sandiford of Flateau Realty Corp
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Property Details
  • 2648 Sq. Ft. Lot
  • Built in 1899
  • 3 Stories
  • Available 07/21/2021
  • Duplex Style
Exterior Features
  • Masonry - Brick Construction
  • Municipal Water
  • Municipal Sewer
  • Street View
  • Near Bus
  • Near Train
Community Details
  • Brownstone (Bldg. Style)
Taxes and Fees
  • $5,429 Total Tax
  • Tax Year 2021
Listed By
FLATEAU REALTY CORP
Office: 718-953-2732
Gloria Sandiford, BS, MA, LREB
Cell: 347-627-4927
Request More Information
Security: What is ?
Listings data is deemed reliable but is NOT guaranteed accurate by NY State MLS.
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