194 Stuyvesant Avenue, Brooklyn, NY, New York 11221. 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. Unit Breakdown: 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.
Listing courtesy of Compass