Description

New building offering a 5.7% Cap rate.
Perfect for investors with a 1031 exchange or new investors looking for a long-term reliable building that was built by a quality builder that has over 20 years experience.
194 Stuyvesant is an 8 unit rental property, developed in 2016. There is currently a tax abatement for the 15 years which ends in 2030. The building sits on a 25' x 100' lot with over 7,907 square feet of space spanning over 4 stories.
The building consists of duplex 1 bedrooms, loft 2 bedrooms, straight 1 bedrooms, and loft 1 bedroom configurations, 5 apartments have private outdoor space! All the apartments feature a gas range, refrigerator, dishwasher, and microwave, central air, and heat. The building also has a Laundry Room and common rooftop for tenants.
Located a few blocks away from the J train, Kosciusko street station and the Z, M, A, & C trains are also nearby.
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Unit Features

terrace
balcony
garden
Pet Policy: UnitYes,BuildingYes

$3,850,000 / $486 per ft²

Last Asking: Jun 24, 2022

14 Beds / 9.0 Baths / 7,907 ft²

Total Monthly expenses: -

Maintenance: - / R.E. Taxes $34

Exclusively listed with: Compass

Giovanni
Castro

giovanni.castro@compass.com

(212) 913-9058

Ofira
Dakcar

ofira.dakcar@compass.com

(917) 304-3259

Listing Courtesy of Compass

Unit listing history

Date Status Amount Listed by Owner Name
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