Offered for sale is a beautifully, newly developed (2016) 8 unit rental property. 194 Stuyvesant sits on a 25' x 100' lot with over 7,907 square feet of space spanning 5 stories. The building is fully occupied and has a tax abatement in place till 2031. 6% CAP RATE.
You have a combination of 1 and 2 bedroom configurations with a majority being duplex units. Hardwood floors throughout, each unit is outfitted with stainless steel gas range, refrigerator, dishwasher, and microwave. Central Air and Heat. Individual Navien boilers for each unit located in the basement. The building also has a Laundry Room and common roof top for tenant enjoyment.
1F: 1 Bedroom / 1 Bathroom Duplex with Recreation Room
1R: 1 Bedroom / 1.5 Bathroom Duplex with Recreation Room and Private Back Yard
2F: 1 Bedroom / 1 Bedroom
2R: 1 Bedroom / 1 Bathroom
3F: 1 Bedroom / 1 Bathroom Duplex Mezzanine Space and Balcony
3R: 1 Bedroom / 1 Bathroom Duplex Mezzanine Space and Balcony
4F: 2 Bedroom / 1.5 Bathroom Duplex with Balcony and Private Terrace
4R: 2 Bedroom / 1.5 Bathroom Duplex with Balcony and Private Terrace
Few blocks away from the J train, Kosciusko street station and the Z, M, A, & C trains are also nearby.