Price Reduced 2.78%

$3,495,000 ($442.01 per sqft)

Est. Mortgage $17,215/mo *

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Listing courtesy of Compass Phone: (212) 913-9058

Price History

$3,595,000
1/1/2024

$3,495,000
4/29/2024

194 Stuyvesant Avenue, Brooklyn, (Bedford-Stuyvesant), NY, 11221

194 Stuyvesant Avenue, Brooklyn, (Bedford-Stuyvesant), NY, 11221
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31 rooms

14 beds

8 Full / 2 Half baths

2016

7,907 sqft

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' × 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.

Status:

Active

Town:

Brooklyn

Type:

Condo/Coop

Furnished Remarks:

Unfurnished

Laundry Remarks:

Common Area

Units:

8

Cooling:

Central Air

Levels:

4

Lot Size:

25.000000x100.000000

Est. Taxes:

$3,876

Pet Policy:

Building No, Cats OK, Dogs OK

Appliances:

Cooktop, Dishwasher, Gas Cooktop

MLS #:

COMP-149206577380060

Community Info

School Info

Walk Score

Mass Transit

Yelp

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