87 Lafayette Avenue, Unit RETAIL
87 Lafayette Avenue, Unit RETAIL
Sold 3/7/23
Sold 3/7/23
Description
Situated at the Northwest corner of Lafayette Avenue and South Portland Avenue, the unit is moments away from the Brooklyn Academy...5.75% in place cap rate. 87 Lafayette Avenue retail condominium presents the opportunity to secure a stabilized commercial investment property with a reliable long term tenant in the valuable Fort Greene Lafayette Avenue retail corridor. This 1000 SF space has a large seated garden area as well and is occupied by The Quarter. Lease expires 2025 with 5 year renewal option.
Situated at the Northwest corner of Lafayette Avenue and South Portland Avenue, the unit is moments away from the Brooklyn Academy of Music, the Barclays Center and Fort Greene Park. The area is constantly buzzing with pedestrian traffic. Nearby transportation includes the C train one block away and 2/3/4/5/N/Q/R/B/D/LIRR at Atlantic Terminal. Please inquire for set up with income and expense detail.
Listing Agents
![Josh Doyle]()
josh.doyle@compass.comP: 917.279.4969
![The Doyle Team]()
Amenities
- Ground Floor
- Common Roof Deck
- Walk Up
- Northern Exposure
- Southern Exposure
- Lowrise
- No Pets
Location
Property Details for 87 Lafayette Avenue, Unit RETAIL
| Status | Sold |
|---|---|
| Days on Market | 227 |
| Taxes | $94 / month |
| Common Charges | $252 / month |
| Min. Down Pymt | - |
| Total Rooms | 3.0 |
| Compass Type | Condo |
| MLS Type | Condominium |
| Year Built | 1901 |
| County | Kings County |
Building
87 Lafayette Ave
Location
Virtual Tour
Building Information for 87 Lafayette Avenue, Unit RETAIL
Payment Calculator
$8,123 per month
30 year fixed, 7.25% Interest
$7,777
$94
$252
Property History for 87 Lafayette Avenue, Unit RETAIL
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 87 Lafayette Avenue, Unit RETAIL
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 20 Clinton Hill PublicPK to 5 | ||
Ms 113 Ronald Edmonds Learning Center Public6 to 8 | ||
Brooklyn Technical High School Public9 to 12 | ||
Fort Green Preparatory Academy Public6 to 8 |
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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