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.
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Map
Amenities
Central Air
Transportation
Subway lines nearby
Gates Avenue and Stuyvesant Avenue
Gates Avenue and Lewis Avenue
Gates Avenue and Malcolm X Boulevard
Malcolm X Boulevard and Greene Avenue
Lafayette Avenue and Lewis Avenue
Malcolm X Boulevard and Lafayette Avenue
Gates Avenue and Marcus Garvey Boulevard
Gates Avenue and Patchen Avenue
Halsey Street and Stuyvesant Avenue
Malcolm X Boulevard and De Kalb Avenue
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Neighborhood
Schools
La Cima Elementary Charter School
800 Gates Ave 3rd floor, Brooklyn, New York 11221, United States
M.S. 267
800 Gates Ave, Brooklyn, New York 11221, United States
Intermediate School 324
Brooklyn, New York 11221, United States
New York Child Resource Center
706 Quincy St, Brooklyn, New York 11221, United States
P.S. 308 Clara Cardwell
616 Quincy St, Brooklyn, New York 11221, United States
Uncommon Schools Bedford Stuyvesant Collegiate
800 Gates Ave, Brooklyn, New York 11221, United States
The Katmint Learning Initiative
637 Lexington Ave, Brooklyn, New York 11221, United States
Ember Charter School
616 Quincy St, Brooklyn, New York 11221, United States
Patricia F. Robinson's Music Studio
590 Madison St, Brooklyn, New York 11221, United States
The Katmint Learning Initiative
180 Malcolm X Blvd, Brooklyn, New York 11221, United States
Lavender Blues
175 Malcolm X Blvd, Brooklyn, New York 11221, United States
Tam Tam
Jesse Owens Playground, Brooklyn, New York 11221, United States
The Brooklyn Academy of Global Finance
125 Stuyvesant Ave, Brooklyn, New York 11221, United States
Brooklyn Emerging Leaders Academy
125 Stuyvesant Ave Floor 2, Brooklyn, New York 11221, United States
Ron Brown Academy
125 Stuyvesant Ave Floor 2, Brooklyn, New York 11221, United States
Pathways to Graduation
715 Gates Ave, Brooklyn, New York 11221, United States
P.S. 026 Jesse Owens
1014 Lafayette Ave, Brooklyn, New York 11221, United States
Madiba Prep Middle School
1014 Lafayette Ave, Brooklyn, New York 11221, United States
P140K at K026
1014 Lafayette Ave, Brooklyn, New York 11221, United States
P.S. K140
1014 Lafayette Ave, Brooklyn, New York 11221, United States
Be'er Miriam Elementary School
760 Dekalb Ave, Brooklyn, New York 11221, United States
Vernykidz Childcare Services
619 Hancock St, Brooklyn, New York 11233, United States
P.S. 081 Thaddeus Stevens
990 Dekalb Ave, Brooklyn, New York 11221, United States
Patterns
188 Van Buren St, Brooklyn, New York 11221, United States
The Co-op School
644 Gates Ave, Brooklyn, New York 11221, United States
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$3,495,000