Updated 6 days ago

986 Jefferson Ave

Stuyvesant Heights, Brooklyn | Howard Ave & Saratoga Ave

30 Rooms6 Beds8 Baths7,466 Square FeetIncome Property

$3,750,000
floors / apts4 / 8
ZoneR6B
Building TypeTownhouse
RE Taxes$1,872
Price Per SF
$502

Outdoor space and views

  • Balcony
  • Garden [30'x21']

Building Amenities

  • Voice Intercom

Property Description for 986 Jefferson Ave

Welcome to a prime investment opportunity in the heart of Bedford Stuyvesant! This meticulously crafted, fully rented 8-unit building offers a secure and lucrative investment in one of Brooklyn's most sought-after neighborhoods. Boasting a coveted 421a tax abatement, this property promises excellent returns for savvy investors.
Property Features:
Location: Stuyvesant Heights, Brooklyn
Unit Breakdown: 6 One-Bedrooms, 2 Studios
Tax Abatement: 421a until 2031
Construction Year: 2016
Occupancy: Fully rented
Investment Highlights:
Prime Location: Situated in the historic and vibrant Stuyvesant Heights, this building benefits from a thriving community, excellent amenities, and easy access to transportation.
Unit Mix: The property features a thoughtful unit mix with 6 well-appointed one-bedroom apartments and 2 cozy studio apartments.
Tax Advantage: Take advantage of the 421a tax abatement, ensuring reduced property taxes for an extended period, enhancing your overall return on investment.
Stability: Enjoy the security of a fully rented building, providing immediate cash flow and minimizing vacancy risks.
Modern Construction: Built ground up in 2016, the property offers modern amenities and construction quality, reducing maintenance costs and attracting quality tenants.
Strong Cap Rate: Priced to deliver almost a 6% cap rate, this investment provides a competitive return in today's market.
Please inquire for property set up.
This is a rare opportunity to acquire a turnkey investment property with strong cash flow and the potential for long-term appreciation. Don't miss your chance to own a piece of Stuyvesant Heights and benefit from the ongoing growth of this dynamic Brooklyn neighborhood. Contact us today to schedule a viewing and explore the potential of this exceptional investment property.

Listing History for 986 Jefferson Ave

Now
01/03/2024
$3,750,000
Initial Price by Daniel Cohen
Corcoran
Launch

Building Details for 986 Jefferson Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2016
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.1 miles
Gates Av
0.28 miles
Chauncey St
0.49 miles

Citi Bike

Broadway & Hancock St
0.08 miles
Broadway & Madison St
0.12 miles
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: 93709TH