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Set on one of Brooklyn's most coveted tree-lined streets, this magnificent Romanesque Revival limestone stands as a testament to the craftsmanship and ambition of late 19th-century Brooklyn. Located on the namesake boulevard of the storied Stuyvesant Heights neighborhood, 400 Stuyvesant Ave commands immediate attention with its richly carved limestone facade, featuring intricate foliate corbels, ornate hood moldings, and a sweeping entry stoop that evokes the grandeur of a bygone era.
Boasting 5, 342 square feet and currently configured as a grand 9-unit home, the 22X75 building sits on a 22X95 corner lot on Stuyvesant Ave and Bainbridge St, both of which are historic and landmarked blocks. The entrance is cleverly tucked on Bainbridge St, allowing for massive units that all receive a great deal of sunlight. The building retains 8 tenants. The crown jewel parlor unit and office are available for owner occupancy or rental, rich in period details including floor-to-ceiling dark wood, coffered ceilings, wainscoting, pier glass mirror, Corinthian columns, pocket doors, parquet flooring, plaster moldings, and more.
The historic rent roll has consistently been $215, 174. 04 annually. Building expenses are approximately $40, 000/year, making this a solid cap rate of 6. 3%. Major updates have already been completed in the building, providing a turnkey ready home for the next owners.
Inside, the building's original architectural bones remain a constant source of delight: soaring ceiling heights, original hardwood floors, detailed plaster medallions, and deep-set bay windows that flood each space with warm afternoon light. Period millwork and ornamental fireplace surrounds speak to the artistry of the craftsmen who built this home at a time when Stuyvesant Heights was emerging as one of Brooklyn's most prestigious residential neighborhoods.
Currently configured as a 9-unit income-producing property, the building presents a rare opportunity for investors, developers, or owner-users looking to plant roots on one of Central Brooklyn's most architecturally significant blocks. Whether reimagined as a grand single-family mansion, a boutique multi-family asset, or a thoughtfully preserved rental portfolio, the bones here are simply irreplaceable.
Located just 1 short block from Fulton Park, where the A/C trains will get you into Manhattan in 20 minutes. Nearby, Milk & Pull Cafe, Laziza, Chez Oskar, BKB, grocery stores, and other neighborhood hotspots are within the vibrant retail and dining corridors in the area. This address offers the best of both worlds: historic Brooklyn character with unmatched connectivity to the broader city.
Properties like this don't come around twice. 400 Stuyvesant Ave isn't just a building - it's a piece of Brooklyn history.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$2,695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,156,000 | $2,156,000 | $2,156,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,073 | $13,100 | $18,048 |
| Total Monthly Payment | $12,198 | $13,225 | $18,173 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.