21 days on rocket

351 Jefferson Ave, New York City, NY, 11221

$1,999,999

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths, 1 Partial
3,420 SqFt
$585/SqFt
Multi

Location

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351 Jefferson Ave, New York$1,999,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1900
HeatingBaseboard
MLS #COMP-1633566141990408641
StatusActive

About 351 Jefferson Ave

Welcome to this unique investment opportunity with this well-maintained Single Room Occupancy (SRO) property in the heart of Bedford Stuyvesant, featuring a blend of functional and appealing living spaces. This versatile building includes: One-Bedroom Apartment: Located on the ground level, this spacious apartment offers easy access, ample living space, and a private backyard, ideal for outdoor relaxation and enjoyment. Studio Apartment: Situated on the first floor, this charming studio provides a cozy and efficient living area, perfect for individuals seeking a low-maintenance residence or as a high-demand rental unit. Four Additional Rooms: The property includes four distinct rooms on the second and third floors that can be used as individual rental units or converted into additional living spaces. These rooms offer flexibility for various configurations and can accommodate a range of tenant needs. Partially Finished Basement: The basement presents additional potential with its partially finished state. This versatile area can be developed into a communal space, or utilized for storage, enhancing the property's value and appeal. In addition to its current setup, the building offers a compelling opportunity for future development. With appropriate permits, it can be converted into individual condominium units, making it an attractive option for investors looking to maximize returns through condo conversion. Whether you are an experienced investor or new to the real estate market, this property provides significant growth and return potential. Seize this opportunity to expand your investment portfolio with a versatile and lucrative asset! Contact me for more information.

Property Details

Property Features

Property Information:

  • Architectural Style: Walk-Up
  • Year Built: 1900
  • Living Area: 3,420 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Parviz Latipzoda
  • Agent Phone: (917) 847-7771

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Tile
  • Interior: Eat-in Kitchen, High Ceilings

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Private Yard

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Baseboard

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,999
  • Price Per SqFt: $585/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

351 Jefferson Ave vs New York

21 DAYS ON ROCKET

-63 Days

$1,999,999

+$1.1M More

$585/SqFt

-$60 Less

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $60/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #COMP-1633566141990408641

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Parviz Latipzoda
  • Agent Phone: (917) 847-7771

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/22/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-600120
3
/10
  • P.S. 44 Marcus Garvey School

  • 432 Monroe St

  • 0.22 miles

  • Public District Grades KG-5

school-card-donut-600121
4
/10
  • P.S. 93 William H. Prescott School

  • 31 New York Ave

  • 0.36 miles

  • Public District Grades KG-6

school-card-donut-600122
8
/10
  • Brooklyn Brownstone School

  • 272 MacDonough St

  • 0.44 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,101. The most common annual income of people living in New York, NY is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesNew YorkKings CountyNew York11221351 Jefferson Ave

This home is located at 351 Jefferson Ave in New York City, NY and zip code 11221 in the Stuyvesant Heights neighborhood. This 3,420 square foot home was built in 1900. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $1,999,999.

In October 2024 more than 269 listings in New York, NY were sold above the asking price. During the same period more than 850 listings were sold at asking price, while more than 833 were sold below. In October 2024 in New York, NY there were 1.8% more homes for sale than in September 2024. In October 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $856,124.

From Rocket Homes Real Estate and based on county public records data.

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