Active
194 Stuyvesant Avenue
Brooklyn NY, 11221
$3,495,000
$442.01 per sqft
Active
14 Beds
9 Baths
7,907 sqft
Multi-family
Built in 2016
421A tax abatement through 2030
Discover your investment opportunity at 194 Stuyvesant Ave, a true gem for seasoned investors and newcomers to the NYC market alike. Developed by industry experts boasting over two decades of experience, this property epitomizes turn-key excellence. Erected in 2016, 194 Stuyvesant boasts 8-units on a generous 25' x 100' lot in prime Bedford Stuyvesant, offering investors a hassle-free journey.
The highlight of this opportunity are the benefits from a coveted tax abatement extending through 2030. The low taxes combined with a strong rent roll make it an exceptionally attractive investment choice with a CAP rate exceeding 6.5%. Full setup available upon request.
The apartments at 194 Stuyvesant Avenue feature well-designed duplex layouts, with options ranging from 1-bedroom to 2-bedroom configurations. Most units offer the bonus of private outdoor spaces, which is highly desirable to tenants. Inside, residents enjoy the convenience of top-of-the-line gas ranges and refrigerators, dishwashers, and brand-new appliances. Central air and heating ensure year-round comfort. For added convenience, the property includes a common roof deck and laundry room.
Situated in the heart of Bed-Stuy, 194 Stuyvesant Avenue benefits from its proximity to the Kosciuszko Street Station of the J train, with the Z, M, A, and C trains also within easy reach. The neighborhood is home to a variety of local favorites, including Turtles All the Way Down, Natural Blend Vegan Restaurant, Familiars Coffee Shop, Chez Alex, Peaches, and a wealth of other dining and entertainment options. With its strategic location and attractive amenities, 194 Stuyvesant Avenue is a tenant's dream, ensuring high occupancy rates for years to come.
Don't miss out on this prime investment opportunity. Contact us today to learn more and take the first step towards securing your financial future with 194 Stuyvesant Ave.
COMP-1492065773800606377
MLSⓇ ID
January 19, 2024
Listed
August 23, 2024
Updated
Map
194 Stuyvesant Avenue
Brooklyn NY, 11221
Interior Features
Total Stories
4
Bedrooms
14
Total Bathrooms
9
Full Bathrooms
8
Half Bathrooms
2
Interior Features
High Ceilings
Appliances
Cooktop, Dishwasher, Gas Cooktop
Laundry Description
Common Area
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Exterior Features
Balcony, Private Yard
Other Property Details
Taxes
$3,876
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/29/2024 | Price change | $3,495,000 -3% |
Listed by David Chang with Compass
Listing Contact: (914) 420-1985
The IDX display contains information sourced from the Real Estate Board of New York as of 8/23/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Real Estate Board of New York all rights reserved.
Data last updated on 8/23/2024 at 4:40 PM UTC