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Map
$3,750,000
●
Townhouse -
For Sale
986 JEFFERSON Avenue
Brooklyn, NY 11221
6 Beds
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
Listed By
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
Financial Details
Tax Annual Amount: $1,872
Utilities Details
Cooling Type: Ductless
Location Details
Subdivision Name: Stuyvesant Heights
Stories Total: 4
View: Other
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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
-
In Contract
Townhouse
5
Beds
7
Baths
-
$3,600,000
Jun 19, 2023
-
$576/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