West Village property values are sky high at the moment, and it’s rare that buildings can be bought for less than $100 per square foot. But that’s the case for a duplex right off Van Dyke Avenue a block from Agnes Street which just hit the market for $275,000. But not surprisingly for that price, you’ll need to put some work into it.
According to the listing, the two-story brick building on Lafayette Street was built in 1912. The square, symmetrical structure has some nicely painted wood trim and arched front entrances.
At around 1,500 square feet and three bedrooms per unit, the residences themselves are pretty spacious. Photos of one show that, at minimum, the new owners will need to refinish the floors, re-plaster and paint the walls, and build a new kitchen. We’re not sure about the condition of the bedrooms and bathrooms. But the floors, trim, and staircase are original and seem mostly salvageable.
The selling agent notes that the property could be either apartment or condos and potentially converted into four units. There are side entrances on either side of the building.
7949 E. Lafayette Street is listed with Vincent Mazzola of O’Connor Real Estate for $275,000.