by RH Advisors

Check Availability
$3,750,000
Townhouse - For Sale

986 JEFFERSON Avenue

Brooklyn, NY 11221
bedrooms
6 Beds
bathrooms
8 Baths
$18,570
Estimated Monthly
$0
HOA / Fees
4.17%
Cap Rate

About This Property

Welcome to a prime investment opportunity in the heart of Bedford Stuyvesant! This meticulously crafted, fully rented 8-unit building offers a secure and lucrative investment in one of Brooklyn's most sought-after neighborhoods. Boasting a coveted 421a tax abatement, this property promises excellent returns for savvy investors. Property Features: Location: Stuyvesant Heights, Brooklyn Unit Breakdown: 6 One-Bedrooms, 2 Studios Tax Abatement: 421a until 2031 Construction Year: 2016 Occupancy: Fully rented Investment Highlights: Prime Location: Situated in the historic and vibrant Stuyvesant Heights, this building benefits from a thriving community, excellent amenities, and easy access to transportation. Unit Mix: The property features a thoughtful unit mix with 6 well-appointed one-bedroom apartments and 2 cozy studio apartments. Tax Advantage: Take advantage of the 421a tax abatement, ensuring reduced property taxes for an extended period, enhancing your overall return on investment. Stability: Enjoy the security of a fully rented building, providing immediate cash flow and minimizing vacancy risks. Modern Construction: Built ground up in 2016, the property offers modern amenities and construction quality, reducing maintenance costs and attracting quality tenants. Strong Cap Rate: Priced to deliver almost a 6% cap rate, this investment provides a competitive return in today's market. Please inquire for property set up. This is a rare opportunity to acquire a turnkey investment property with strong cash flow and the potential for long-term appreciation. Don't miss your chance to own a piece of Stuyvesant Heights and benefit from the ongoing growth of this dynamic Brooklyn neighborhood. Contact us today to schedule a viewing and explore the potential of this exceptional investment property.
Unit Size
-
Days on Market
117 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
$156
HOA Dues
-
Year Built
2016
Last updated: 3 months ago (RLS #RPLU-33422833570)

Price History

Date / Event Date Event Price
Jan 3, 2024 Listed by Corcoran Group $3,750,000
Listed by Corcoran Group

Property Highlights

Air Conditioning
Interior Details

Bedroom Information

Bedrooms: 6

Bathroom Information

Full Bathrooms: 8

Room Information

Laundry Features: In Unit
Rooms: 30

Basement Information

Exterior Details

Property Information

Year Built: 2016

Building Information

Outdoor Living Structures: None
Pets Allowed: Building Yes, No

Lot Information

Lot Size Dimensions: 100.00x21.33

Land Information

Tax Lot: 0040
Tax Block: 01488

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
5 Baths
4,446 ft²
$855/ft²
$3,800,000 Jun 10, 2021
$3,800,000 Feb 10, 2022
-
Multifamily
6 Beds
3 Baths
-
$3,400,000 Apr 23, 2023
$3,400,000 Jul 12, 2023
-
Multifamily
6 Beds
4 Baths
3,648 ft²
$876/ft²
$3,195,000 Apr 3, 2019
$3,195,000 Nov 8, 2019
-
Townhouse
5 Beds
3 Baths
4,880 ft²
$768/ft²
$3,750,000 Mar 24, 2022
$3,750,000 Oct 17, 2022
-
Townhouse
18 Beds
6 Baths
-
$3,590,000 Sep 8, 2021
$3,590,000 Sep 13, 2021
-
Townhouse
Stu
-
-
$3,700,000 Jul 17, 2015
$3,700,000 Jul 1, 2016
-
Townhouse
5 Beds
7 Baths
-
$3,600,000 Jun 19, 2023
-
$576/mo
House
Stu
-
-
$3,754,000 Oct 11, 2023
-
$11/mo
House
Stu
-
-
$3,900,000 Oct 8, 2023
-
$1,028/mo
Townhouse
9 Beds
11 Baths
-
$4,295,000 Jun 13, 2022
-
$108/mo
House
Stu
-
-
$3,199,000 Aug 24, 2023
-
$13/mo
Commercial
Loft
-
-
$3,576,000 Mar 20, 2023
-
$1,924/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

986 Jefferson Avenue 986 Jefferson Avenue, Brooklyn, NY 11221
  • 8 Units
  • 1 Unit for Sale
More about this Building
986 Jefferson Avenue
Want to find out who owns 986 Jefferson Avenue, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


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