697 Jefferson Ave 0

A totally unique home, 697 Jefferson Avenue is 4 story, FULLY DETACHED townhouse on a rare 25' lot. This gorgeously restored brownstone is completely freestanding and is built in the grand Romanesque Revival style, setting it apart from any other home on the market in Bed Stuy. This house has been magnificently restored to museum quality perfection with spectacular original detail including wainscoting, doors, moldings, pocket shutters, hardware, plasterwork, and mantles. Because this house is detached there are windows along three sides of the house on all four floors allowing incredible light and air that's difficult to get in any townhouse. And along one side of the house there is a 19th century cobblestone path leading to your massive 25' wide yard. This home has an extremely flexible layout. It's currently configured as a 4 family townhouse with one large apartment per floor, but it could be EASILY reconfigured as a 3 family home with an owner's garden/parlor duplex and two high income 3 BEDROOM rental units above. As a 4 family investment property the gross rental from this building would be approximately $132K per year and would yield a 6% + cap rate. Additionally this home has additional FAR which could expand this home to approximatel 5000 square feet. Located in the coveted Stuyvesant Heights section of Bed Stuy your new home is close to excellent neighborhood hotspots like Saraghina, Georges-Andre Vintage Cafe, Peaches, and Therapy Wine Bar, and the A/C express train at Utica Avenue. This is a rare and special property for a savvy investor.