Prospect Lefferts Duplex Sale at a Glance
A classic 1899 limestone townhouse in Prospect Lefferts Gardens, Brooklyn, was sold by Stanley Wilson CRE in 2022 to a visionary investor. Representing the seller, Stanley Wilson CRE facilitated a seamless transaction that set the stage for a full-scale restoration and repositioning of this historic asset.
The sale enabled the new ownership to transform the building into a high-performing, modern duplex, ultimately leading to a record-breaking resale after a comprehensive renovation.
Brooklyn Duplex Townhouse Sale Overview
This transaction connected a motivated seller with an investor committed to unlocking the property’s full potential.
Property Highlights
The property’s unique architectural character and prime location made it an ideal candidate for a high-impact restoration.
- Historic Limestone Facade: Classic barrel-fronted design with original stonework
- Expansive Layout: 50-foot parlor, high ceilings, and functional duplex configuration
- Outdoor Spaces: Private rear garden and balcony potential
- Flexible Floor Plan: Spacious basement with multiple use options
- Prime Prospect Lefferts Gardens Address: Steps from Prospect Park and local hotspots
Key Investment Features
The property offered investors a rare opportunity to create significant value through renovation.
- Value-Add Potential: Clear path to repositioning through full renovation and modernization
- Stable Asset: No liens, foreclosure filings, or major deferred maintenance issues at time of sale
- High-Demand Location: Walkable to subway lines, Prospect Park, and neighborhood amenities
- Strong Rental and Resale Prospects: Historic charm combined with modern upgrades positioned the property for above-market returns
Market Strategy and Positioning
Stanley Wilson CRE expertly marketed the property to qualified investors who recognized the untapped potential of historic assets in Prospect Lefferts Gardens. The strategy focused on the building’s architectural pedigree, development upside, and proximity to transit and green space. By highlighting the property’s ability to support a substantial luxury renovation, the team generated significant investor interest and achieved a swift, competitive sale. This successful transaction paved the way for a standout neighborhood restoration and a future record resale.
Frequently Asked Questions (FAQs)
This sale generated strong interest and unique questions from both buyers and local investors.
Why was this property so attractive to investors in 2022?
Its combination of original limestone detail, flexible layout, and prime location offered a rare opportunity for a high-return renovation and repositioning.
What was the property’s condition at the time of sale?
The townhouse was structurally sound with classic features intact, providing an ideal canvas for a full-scale modern upgrade.
How did Stanley Wilson CRE identify the right buyer?
Through deep market knowledge and targeted outreach to value-add investors specializing in Brooklyn brownstones.
What impact did the sale have on the local neighborhood?
The subsequent restoration elevated the property’s value and contributed to the ongoing revitalization of Prospect Lefferts Gardens.
How quickly did the property sell after listing?
Investor interest was strong, resulting in a swift transaction that met the seller’s goals.
