Brooklyn, NY 11221,194 Stuyvesant Avenue
Listing Courtesy of Compass
$3,325,000
Est. payment /mo
$3,325,000
Est.Price: ?

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14 Beds
9 Baths
7,907 SqFt
SOLD DATE : 12/23/2024

Key Details

Sold Price $3,325,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,907 sqft

Price per Sqft $420

Subdivision Bedford-Stuyvesant

MLS Listing ID RLS10983828

Sold Date 12/23/24

Bedrooms 14

Full Baths 8

Half Baths 2

HOA Y/N Yes

Year Built 2016

Annual Tax Amount $3,876

Property Sub-Type Multi Family

Property Description

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.

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 On Floor, Common Area

Exterior

Exterior Feature Balcony, Private Yard

Porch Balcony

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $323

Pets Allowed Building No, Cats OK, Dogs OK

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