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

November 4, 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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 11/4/2024 at 4:23 PM UTC

 

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