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
Property Features
Property Information:
Year Built: 2016
Living Area: 7,907 SqFt
Listing Office:
Office Name: Compass
Office Phone: (212) 913-9058
Listing Agent: David Chang
Agent Phone: (914) 420-1985
Interior Features
Interior Information:
Appliances: Cooktop, Dishwasher, Gas Cooktop
Flooring Type: Hardwood
Interior: High Ceilings
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 8
Total Bedroom Count: 14
Exterior Features
Exterior Information:
Exterior: Balcony, Private Yard
Parking Information:
Attached Garage: No
Utilities
Utilities Information:
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $3,495,000
Price Per SqFt: $442/SqFt
HOA Fees:
Amount: $0
Frequency: Monthly
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 5/5/2024, 10:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
La Cima Charter School
800 Gates Ave
Distance between this listing and this school0.06 miles
Public Charter Grades KG-5
5
/10
Teaching Firms of America Professional Preparatory Charter School
616 Quincy St3rd Fl
Distance between this listing and this school0.12 miles
Public Charter Grades KG-3
6
/10
PS 26 Jesse Owens
1014 Lafayette Ave
Distance between this listing and this school0.26 miles
Public District Grades PK-5
Nearby Schools
7
/10
Middle School 267 Math, Science & Technology
800 Gates Ave
Distance between this listing and this school0.06 miles
Public District Grades 6-8
4
/10
PS 308 Clara Cardwell
616 Quincy St
Distance between this listing and this school0.10 miles
Public District Grades PK-8
5
/10
Jr High School 57 Whitelaw Reid
125 Stuyvesant Ave
Distance between this listing and this school0.20 miles
Public District Grades 6-8
Nearby Schools
8
/10
Bedford Stuyvesant Collegiate Charter School
800 Gates Ave4th Fl
Distance between this listing and this school0.06 miles
Public Charter Grades 5-10
2
/10
The Brooklyn Academy of Global Finance
125 Stuyvesant Ave
Distance between this listing and this school0.20 miles
Public District Grades 9-12
3
/10
Ebc High School For Public Service-Bushwick
1155 Dekalb Ave
Distance between this listing and this school0.48 miles
The neighbors living near this home have an average income of $35,000. The majority of New York, NY residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
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This home is located at 194 Stuyvesant Ave in New York City, NY and zip code 11221 in the Stuyvesant Heights neighborhood. This 7,907 square foot home was built in 2016. Features: 14 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $3,495,000.
In April 2024 more than 168 listings in New York, NY were sold above the asking price. During the same period more than 758 listings were sold at asking price, while more than 748 were sold below. The inventory of homes for sale in New York, NY between March 2024 and April 2024 increased by 3.8%. The median list price of listings available in April 2024 was $849,191, while the average time on the real estate market was 96 days.
From Rocket Homes Real Estate and based on county public records data.
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