Active

986 Jefferson Avenue

New York City NY, 11221

$3,750,000


$3,255.21 per sqft

Active

6 Beds

8 Baths

1,152 sqft

Town House

Built in 2016

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.

RPLU-33422833570

MLS ID

January 3, 2024

Listed

February 27, 2024

Updated

Map

986 Jefferson Avenue
New York City NY, 11221

Interior Features

Total Stories

4


Bedrooms

6 Beds


Bathrooms

8 Baths


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Ductless


Heating

No

Exterior/Building Features

Lot Size

0.05 Acres

Other Property Details

Taxes

$1,872


Tax Frequency

Annually


Garage

No


View

No


View Description

Other


County

Kings


Pool

No


Buyer Agency Compensation

2.5%

Courtesy of Corcoran Group with Daniel Cohen, Anthony Bush
Listing Contact: (862) 823-2674 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 6:48 PM UTC, 2/27/2024

 

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