629 Jefferson Avenue
629 Jefferson Avenue
Sold 3/16/23
Sold 3/16/23
Description
SNEAK PEEK: This is a legal 4-family in use as a 3-Family . Currently set up as Owner's 2.5Bed/3Bath Garden Triplex with Den + a 2 bed /1 bath Rental + a 2 bed /1 bath Rental. Lots of original details are still there --mantles, moldings, and wainscoting are all in tact and UNPAINTED! The full finished basement has a wet bar, full bathroom and hearth.
End Users: You'll likely want to make a few edits to the owners triplex (mainly cosmetic upgrades) but the framework...THE START OF SOMETHING BEAUTIFUL...
SNEAK PEEK: This is a legal 4-family in use as a 3-Family . Currently set up as Owner's 2.5Bed/3Bath Garden Triplex with Den + a 2 bed /1 bath Rental + a 2 bed /1 bath Rental. Lots of original details are still there --mantles, moldings, and wainscoting are all in tact and UNPAINTED! The full finished basement has a wet bar, full bathroom and hearth.
End Users: You'll likely want to make a few edits to the owners triplex (mainly cosmetic upgrades) but the framework is there and ready for your customization. What's great about this setup is you have lots of options.
#1: Use Parlour/ Garden /Basement as an owner's triplex + earn rental income from the 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each).
#2: Rent the garden level as a duplex with the finished basement (rental comps ~$3,500 duplex) and keep the top three floors as owners Triplex.
#3: Use Garden/Basement as an owner's duplex and rent Parlour, 3rd and 4th floor apartments to help offset your mortgage (rental comps ~$2,500 each)
Investors: A couple of edits and you have 3 floor through apartments and one duplex. There are 4 gas meters, 5 electric meters, 3 kitchens (and framework for 4th kitchen). Conservative comps show a potential for $11,00 monthly rent roll and a 6% cap rate. Or renovate the entire place --one block away, a 'well renovated' home with similar footprint and remaining details sold for $2.95Mil
With 3,600SF above grade and an additional 900SF finished den with wet bar below grade, you're looking at a total of 4,500sf of usable space. The 20' x55' backyard has runners on the sides for planting and an elevated brick platform in the rear of the garden. If you know what you are looking at, then you know you are sitting on a potential gold mine of an investment. (Note: Renovations were paused and only two kitchens in place)
Delivered Vacant. Selling As-Is.
**BACK ON MARKET AFTER PROBATE DELAYS --ALL ISSUES RESOLVED NOW CLEARED TO CLOSE ASAP!!**
Listing Agent
![Malika Oyo]()
malika.oyo@compass.comP: 917.407.8840
Amenities
- Top Floor
- Decorative Fireplace
- Crown Mouldings
- Wet Bar
- Hardwood Floors
- High Ceilings
- Walk Up
- Northern Exposure
Location
Property Details for 629 Jefferson Avenue
| Status | Sold |
|---|---|
| Days on Market | 11 |
| Taxes | $571 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 14.0 |
| Compass Type | Townhouse |
| MLS Type | Multi Family |
| Year Built | 1910 |
| Lot Size | 2,000 SF / 20' x 100' |
| County | Kings County |
Building
629 Jefferson Ave
Location
Building Information for 629 Jefferson Avenue
Payment Calculator
$10,886 per month
30 year fixed, 7.25% Interest
$10,315
$571
$0
Property History for 629 Jefferson Avenue
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 629 Jefferson Avenue
Schools near 629 Jefferson Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
P.S. 262 El Hajj Malik El Shabazz Elementary School PublicPK to 5 | ||
Ms 267 Math Science And Technology Public6 to 8 | ||
The Brooklyn Academy Of Global Finance Public9 to 12 | ||
Brooklyn Brownstone School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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