194 Stuyvesant Ave, Brooklyn, NY 11221
FOR SALE

194 Stuyvesant Ave
Brooklyn, NY 11221

Bedford-Stuyvesant
  • 14 Beds
  • 14 Baths
  • 7,907 sqft
  • 14 Beds
  • 14 Baths
  • 7,907 sqft

$3,595,000

Est. Mortgage $20,684/mo*
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Local Information

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Description

**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' x 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 Website

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
$455
Listed
98 days ago
Listing by: Compass, (914) 420-1985

Home Details for 194 Stuyvesant Ave

Days on Market

Days on Market: 98 Days on Trulia

Property Information

Year Built
Year Built: 2015
Property Type / Style
Property Type: Multi Family

Interior Features

Appliances & Utilities
Dishwasher
Heating & Cooling
Air ConditioningCooling System: Central Air

Exterior Features

Exterior Home Features
Garden

Price & Status

Price
Price Per Sqft: $455

Community

Units in Building: 8

Price History for 194 Stuyvesant Ave

DatePriceEventSource
01/19/2024$3,595,000Listed For SaleStreetEasy
01/09/2024$3,595,000ListingRemovedStreetEasy #22383997
08/25/2023$3,595,000PriceChange
StreetEasy #22383997
04/03/2023$3,695,000Listed For SaleStreetEasy #22383997
06/23/2022ListingRemovedStreetEasy
06/13/2022$3,750,000PriceChange
StreetEasy
04/26/2022$3,850,000Listed For SaleStreetEasy
04/12/2022ListingRemovedStreetEasy
12/16/2021$3,850,000PriceChange
StreetEasy
09/14/2021$4,000,000Listed For SaleStreetEasy
07/22/2020$3,600,000ListingRemovedAgent Provided
04/22/2020$3,600,000PriceChange
Agent Provided
03/25/2020$3,800,000Listed For SaleAgent Provided
11/06/2019$3,795,000ListingRemovedAgent Provided
10/08/2019$3,795,000Listed For SaleAgent Provided
01/20/2012$50,000Sold
N/A
10/19/2005$450,000Sold
N/A
04/21/2000$14,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax
Assessment$1,355,000
Home facts updated by county records

Comparable Sales for 194 Stuyvesant Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
755 Quincy St, Brooklyn, NY
0.28
Multi-Family Home
$2,100,000
11/28/23
7
10
3,253
255 Stuyvesant Ave, Brooklyn, NY
0.19
Multi-Family Home
$3,300,000
01/25/24
5
7
4,635
573 Madison St, Brooklyn, NY
0.13
Multi-Family Home
$1,565,000
10/05/23
7
4
3,600
1129 Broadway, Brooklyn, NY
0.43
Multi-Family Home
$1,115,000
08/07/23
11
7
3,570
803 Greene Ave, Brooklyn, NY
0.18
Multi-Family Home
$2,500,000
10/13/23
7
6
3,015
264 Stuyvesant Ave, Brooklyn, NY
0.18
Multi-Family Home
$1,700,000
04/15/24
6
5
3,520

Neighborhood Overview

Bedford-Stuyvesant
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Neighborhood stats provided by third party data sources.

What Locals Say about Bedford-Stuyvesant

  • Trulia User
    "Yes the subway is a block away so its very easy to get anywhere in nyc. Buses run west to east so thats great too"
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  • Elena Carey
    "Von king park is dog haven, off leash hours before 9am and a dog park that is lovely when it’s not rained out. "
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  • Josh
    "Short. Very short. I’m usually in the city on the Lower East Side in 15 minutes or less during the day. "
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  • Trulia User
    "During the summer time block party’s and other activities for children make the community a blast to be apart of "
    1
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  • Josh
    "I live close to the J train which gets me to work on the LES in about 15 minutes during the day, but, minimum 30 minutes at nights. "
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  • Dashawn Williams
    "It feels like home and it always will. The are definitely has changed but for the better in my opinion."
    1
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  • Aisha
    "There are many dogs around. All sizes too. If you’re social the dog people will speak to you. "
    1
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  • PinPin
    "Gentrified more and more, great tight knit community, really relaxed compare to Fort Greene/Clinton Hill area. Arts & Letters have been amazing and goes up to middle school "
    3
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  • Trulia User
    "I’ve lived here for a few months not and I don’t feel safe. The street is always decorated with dog mess and garbage. Wouldn’t recommend. "
    2
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  • Trulia User
    "I’ve lived on this neighborhood in the past and it was great then and I still love it trying to move back "
    4
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  • Trulia User
    "Nice community and clean streets, good lighting. Good food markets and restaurants close by. School are Ali’s close and easy to get to. "
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  • Trulia User
    "The schools are not great, but the teachers are very caring. There are a few public housing spaces that may generate some unpleasant circumstances, but once you get used to it and get to know the people, it’s fine."
    3
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  • Trulia User
    "lived here since 2004, it has been an interesting to see the are change over the years. the mix of people all wanting community "
    3
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  • Trulia User
    "I lived in this neighborhood for three years now. Before then I lived a five minute walk away, but a different zip code. I practically lived here all my life. This neighborhood is full of friendly people who genuinely care about their properties. They take great care of what’s theirs. "
    6
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  • Trulia User
    "I lived I. This neighborhood since birth. It’s always cool safe and family oriented. I love this place "
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  • Trulia User
    "It’s a relatively easy. I’m at least a 1 to 10 minutes walk to a bus stop or a train station. And it doesn’t matter what time of the day, it’s generally safe to walk to and from home. "
    2
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  • Trulia User
    "Block parties during the summer time, they close off the street and people barbecue and blow up bounce for kids"
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  • Trulia User
    "Wonderful neighborhood safe and very friendly, the blocks are tree lined and houses well maintained "
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  • Trulia User
    "Community events are nonexistent. We have a street party every year but it’s doesn’t have a community feel. It’s mostly the people who have lived on my street for a long time who don’t like new comers or reach out to new people who move in"
    4
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  • Trulia User
    "There are lots of families in the neighborhood and many things for kids to do. Some playgrounds would benefit from a makeover. But otherwise no complaints! "
    2
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  • Trulia User
    "Great area for shopping People and neighborly it’s an amazing area to live and fantastic I recommend people coming to this neighborhood it’s family oriented it’s fantastic I love it here"
    1
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  • Trulia User
    "there could be more dog parks and there's not enough grassy areas or dog friendly coffee shops. otherwise it's like most of brooklyn......................................................."
    1
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  • Trulia User
    "The neighborhood is nice. The people are nice. They have block parties the kids are able to play. There are nearby stores. The train and the bus are also nearby "
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  • Trulia User
    "I have lived in the neighborhood for two years. I love the vibrant and friendly vibe. there are plenty of great coffee shops and restaurants and public transportation is also very good"
    2
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  • Trulia User
    "The neighborhood is in a great area in-between the J and the A/C so if you have to commute into Manhattan it's is pretty easy. With the exspansion of the citi bikes most corners you can easily grab a bike for short rides if you don't feel like riding the bus."
    1
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  • Trulia User
    "Our Area in Bed Stuy has Block parties, stoop socials, Block Associations, engaged residents, community gatherings and speaking to your neighbors! "
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  • Trulia User
    "Block parties are good way to meet your neighbors. It happened during summer time. "
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  • Trulia User
    "Tree lined blocks but new renovation all over. Brooklyn is in the house. I’d recommend it to anyone. "
    2
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  • Trulia User
    "It’s been my home for over twenty years. The neighborhood is evolving and I love the growth that I see. "
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  • Trulia User
    "The people in the neighborhood are very respectful and nice. There are stores and coffee shops walking distance. There is a lake and a hair salon nearby. Buses and any trains needed also nearby. "
    0
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  • Trulia User
    "Increases in coffee houses, tea houses, eateries, Wi-Fi locations.Increases in jazz, music spots but there could be even more."
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  • Trulia User
    "my commute is about 25 minutes. traffic is just insane. with the construction and bus and bike lanes. the city is making sure traffic gets progressively worse. "
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  • Trulia User
    "My neighborhood is very dog 🐕 friendly. There are several animal care shop such as Who's Your Doggy and a Zen Pets."
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  • Trulia User
    "I use a car most of the time but when I do use the subway it's pretty good their a lot of homeless people in the morning but that's it "
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  • Trulia User
    "This neighborhood is very decent to have your kids the schools are great and it’s a community neighborhood "
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  • Trulia User
    "block parties and political action. people walking around and talking to each other. events in Herbert von King Park. "
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  • Trulia User
    "It is dirty and noisy and people drive dangerously. People sell and do drugs in the open. There are no decent parks. "
    1
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  • Trulia User
    "We have an annual block party and there are various celebrations and street parties throughout the summer all around bed-stuy!"
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  • Trulia User
    "There are a lot of people in this neighborhood with pets. Dogs are the primary pet of choice. There is even a dog park."
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  • Trulia User
    "I have been in this neighborhood for over 20 years and we have raised a family in the neighborhood. Over the past 20 years we seen it grow in diversity services and different sorts of accommodations. I think over the next 20 years the neighborhood will continue to grow and be available place for years to come"
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LGBTQ Local Legal Protections

David Chang - Licensed Associate Real Estate Broker, Compass
194 Stuyvesant Ave, Brooklyn, NY 11221 is a 14 bedroom, 14 bathroom, 7,907 sqft multi-family built in 2015. 194 Stuyvesant Ave is located in Bedford-Stuyvesant, Brooklyn. This property is currently available for sale and was listed by StreetEasy on Jan 19, 2024.