Keller Williams Realty Elite - The Masaitis Team
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Listing Courtesy Of: Compass, David Chang
Local Realty Services Provided By: Keller Williams NYC
Overview
What It'll Cost
Neighborhood
Similar Homes

$3,325,000
194 Stuyvesant Avenue, NewYorkCity, NY 11221
14 Beds
9 Baths
7,907 sq ft
$3,325,000

194 Stuyvesant Avenue, NewYorkCity, NY 11221

Estimation provided by Keller Williams Realty Inc.
14 Beds
9 Baths
7,907 sq ft
Sold
Keller Williams Realty Advantage Fair Housing

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.

Property Details

Compare This Home
Overview
Property Type
Multi Family
Property Size
7,907 sq ft
Year Built
2016
Days on Site
432 Days
HVAC
Central Air
Parking
No
The Masaitis Team
Keller Williams Realty Elite
10401246877

Activity History

VIEWS
0
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

Estimated Monthly Payment

Purchase Price: $3,325,000
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This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.

Price & Tax History

Date
Event
Price
12/23/2024
Price Decrease
$3,325,000
(-4.86%)
04/29/2024
Price Decrease
$3,495,000
(-2.78%)
01/19/2024
Listed
$3,595,000
(+7,090%)
12/22/2011
Sold
$50,000
(-88.89%)
09/30/2005
Sold
$450,000
(+3,114.29%)
03/07/2000
Sold
$14,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2024
$323.43
$731,700
Land 67,500 + Additions 664,200
2023
$323.43
(+1.92%)
$609,750
Land 67,500 + Additions 542,250
2022
$317.35
(-0%)
$508,050
Land 67,500 + Additions 440,550
2021
$317.36
(-1.65%)
$406,485
Land 67,500 + Additions 338,985
2020
$322.68
(-1.12%)
$394,650
Land 67,500 + Additions 327,150
2019
$326.32
(-0.83%)
$394,650
Land 67,500 + Additions 327,150
2017
$329.06
$265,148
Land 65,307 + Additions 199,841
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
The Masaitis Team
Keller Williams Realty Elite
10401246877

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