$3,850,000
Updated 3 days ago
Off Market
Stuyvesant Heights, Brooklyn | Quincy Street & Gates Ave
31 Rooms14 Beds9 Baths7,907 Square FeetIncome Property

$3,850,000
floors / apts6 / 8
Lot Size25'x100'
ZoneR6A
Building TypeLow-Rise
RE Taxes$408
Price Per SF
$487

Outdoor space and views

  • Backyard
  • Balcony
  • Garden
  • Terrace

Building Amenities

  • Video Intercom
  • Laundry Room
  • Roof Deck

Property Description

New building offering a 5.7% Cap rate. Perfect for investors with a 1031 exchange or new investors looking for a long-term reliable building that was built by a quality builder that has over 20 years experience. 194 Stuyvesant is an 8 unit rental property, developed in 2016. There is currently a tax abatement for the 15 years which ends in 2030. The building sits on a 25’ x 100’ lot with over 7,907 square feet of space spanning over 4 stories. The building consists of duplex 1 bedrooms, loft 2 bedrooms, straight 1 bedrooms, and loft 1 bedroom configurations, 5 apartments have private outdoor space! All the apartments feature a gas range, refrigerator, dishwasher, and microwave, central air, and heat. The building also has a Laundry Room and common rooftop for tenants. Located a few blocks away from the J train, Kosciusko street station and the Z, M, A, & C trains are also nearby.

Listing History

Now
06/24/2022
POM by Giovanni Castro
Compass
04/28/2022
Back on the Market by Giovanni Castro
Compass

Building Details

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2015
Floors/Apts6/8
Learn More About the Building

Transit and Citi Bike

Subway

Kosciuszko St
0.41 miles

Citi Bike

Lewis Ave & Madison St
0.19 miles

Contact Agents

Contact Agents

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 75765TH