987 Lafayette AveBrooklyn, NY 11221
- Mixed-use properties
- 4,400 SF
Property Details for 987 Lafayette Ave
- Year built
- 1899
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 4,400 SF
- Zone code
- R6B
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 01607-0065
- APU
- 16070065
Description
This exceptional 1,200 square foot special purpose property, located at 987 Lafayette Avenue in the Bedford-Stuyvesant submarket of Brooklyn, Kings County, New York, presents a unique investment opportunity. Currently configured as a daycare center, the space is fully built-out and ready for immediate occupancy by a single tenant. Its convenient location offers easy access for families in the vibrant Bedford-Stuyvesant community. The property's single-tenant occupancy simplifies management and provides a stable income stream. A significant advantage is the presence of a playground directly across the street, providing a safe and convenient outdoor play area for children. The property's history as a daycare center further enhances its suitability for continued use in this capacity, minimizing the need for extensive renovations or alterations. The address is 987 Lafayette Avenue, Brooklyn, NY 11221. This property is situated in a thriving neighborhood, offering a strong potential for continued success and profitability. The property type is listed as Special Purpose, with a Subtype of Daycare. The property is located in Kings County, New York. This turnkey solution offers a rare opportunity to acquire a fully operational daycare center in a desirable Brooklyn location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $727,451
- 6.5%
- $671,494
- 7%
- $623,530
-
Comparable approach
- Method
- Valuation
- Relative Method
- $574,904
- Geo Method
- $574,904
-
Alternative Use
- Use
- Valuation
- Residential
- $832,652
- Hospitality
- $762,705
- Educational
- $634,562
- Medical
- $656,385
- Retail
- $987,096
Location Insight
- City
- Brooklyn
- County
- Kings
- State
- New York
- Latitude
- 40.6923
- Longitude
- -73.9326
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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