Brand new building offering a 5.5% 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 been building for over 20 years.
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. There 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.