$3,325,000
Updated 2 years ago
Sold

194 Stuyvesant Ave

Stuyvesant Heights, Brooklyn | Quincy Street & Gates Ave

31 Rooms14 Beds8.5 Baths7,907 Square FeetIncome Property

$3,325,000
floors / apts6 / 8
Lot Size25'x100'
Built Size25' wide
ZoneR6A
Building TypeLow-Rise
RE Taxes$3,876
Price Per SF
$421

This property was sold for $3,325,000 on 12/16/24.

Outdoor space and views

  • Backyard
  • Balcony
  • Deck
  • Garden [21'x32']
  • Terrace
  • City Views

Building Amenities

  • Video Intercom
  • Laundry Room
  • Roof Deck

Property Description for 194 Stuyvesant Ave

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.

Listing History for 194 Stuyvesant Ave

Now
12/16/2024
$3,325,000
Sold and Closed by David Chang
Compass
12/10/2024
Contract Out by David Chang
Compass

Building Details for 194 Stuyvesant Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2016
Floors/Apts6/8
Learn More About the Building

Transit and Citi Bike

Subway

Kosciuszko St
0.41 miles

Citi Bike

Stuyvesant Ave & Gates Ave
0.03 miles
Lexington Ave & Stuyvesant Ave
0.08 miles

Contact Agents

Contact Agents

Licensed As
Albert Maximilian Rossmeier
Salesperson
License#:
10401378669
Company:
Compass
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