629 Jefferson Avenue $1,800,000
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$1,764,000
List price: $1,800,000
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629 Jefferson Avenue
Townhouse in Stuyvesant Heights • 
building info
6 bd • 5 ba • 3,600 ft²
List price

$1,800,000

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Key Details
Days on market
137
Last price change
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Estimated payment
$7,621
Taxes
$571
Monthly maintenance
N/A
Description
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. Tenant on top floor moving out on Feb 15...so yes, home will be delivered vacant. SNEAK PEEK PICTURES SHARED AND OFFICIAL PICTURES WITH OWNER'S EDITS COMING SOON!!

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History
What it'll cost
Purchase price
$1,800,000
Asking Price: $1,800,000
Term
30 Years
Down Payment
$180,000 (10%)
Min: 10% (180,000)
Rate
3.3 %
Mortgage Amount
$1,620,000
Mortgage Payment
$7,050
Taxes
$571
Estimated Yoreevo rebate
$36,000
Estimated closing cost
$63,000
Total monthly cost $7,621
Buy your dream home with us and get an estimated
$36,000 rebate.
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