194 Stuyvesant Avenue Brooklyn, NY 11221
14 Beds
9 Baths
7,907 SqFt
UPDATED:
11/29/2024 08:21 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,907 sqft
Price per Sqft $442
Subdivision Bedford-Stuyvesant
MLS Listing ID COMP-1492065773800606377
Bedrooms 14
Half Baths 2
HOA Y/N Yes
Year Built 2016
Annual Tax Amount $3,876
Property Description
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.
Location
State NY
County Kings
Interior
Interior Features High Ceilings
Cooling Central Air
Flooring Hardwood
Equipment Intercom
Furnishings Unfurnished
Fireplace No
Appliance Cooktop, Dishwasher, Gas Cooktop
Laundry Common Area
Exterior
Exterior Feature Balcony, Private Yard
Porch Balcony
Private Pool No
Building
Dwelling Type Multi Family
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $323
Pets Allowed Building No, Cats OK, Dogs OK
