Foreclosure of the Week: 470 Lafayette Avenue

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On Thursday, this two-story building, currently classified as a church, will be up for sale at the weekly foreclosure auction at 360 Adams Street. Though it most recently changed hands for $125,000 in 2004, the owner managed to rack up debt of $354,625 on the building. If you could pick it up for that price, it would probably be a good buy as the building is currently 3,750 square feet and has an extra 2,325 square feet of air rights attached to it.
470 Lafayette Avenue [PropertyShark] GMAP
Photo by Sarah Westcott

By Brownstoner |