986 Jefferson Avenue

Bedford-Stuyvesant

$3,750,000
Price
6
Beds
8
Baths
7,466 Sq. Ft.
$502 / Sq. Ft.
7,466
Sq. Ft.
$502
per Sq. Ft.

Description

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...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.

Property Details for 986 Jefferson Avenue

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Other

Location

Listing Courtesy of Corcoran Group
Add your commute
LISTING UPDATED: 02/06/2024 04:48 PM

Property Details for 986 Jefferson Avenue

StatusActive
MLS IDRPLU-33422833570
Days on Market114
Taxes$156 / month
Maintenance-
Min. Down Pymt-
Total Rooms30.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built2016
Lot Size2,133 SF / 100' x 21'
CountyKings County

Building

986 Jefferson Ave

8 Units4 StoriesBuilt in 2016

Location

Listing Courtesy of Corcoran Group
Add your commute

Building Information for 986 Jefferson Avenue

Stories4Residences8Year Built2016Building Size21.33' x 54'Building Sq. Ft4,607.28 SFLot Size2,133 SF / 100' x 21'Building AgeNew DevelopmentBuilding TypeTownhouse

Payment Calculator

$20,621 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$156

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 986 Jefferson Avenue

Summary
Location and General Information
  • Subdivision Name: Stuyvesant Heights
  • Stories Total: 4
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0040
  • Tax Block: 01488
  • Flip Tax: $0
  • Building Tax Lot: 0040
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Building Area Total: 1151.82
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 100.00x21.33
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: InUnit
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: Yes
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: Townhouse
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Cooling: Ductless
  • Entry Level: 1
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • ElevatorsTotal: 0
  • Size Dimensions: 54.00x21.33
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 986 Jefferson Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 986 Jefferson Avenue

Taxable ValueLand$74,250Additions$697,500Total$771,750
Home Facts
Total Finished SqFt7,466 SqFtLot Size2,133 SqFtYear Built2016ZoningR6BAPN3014880040

Schools near 986 Jefferson Avenue

This home is within Nyc Geog District #16 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 5 Dr Ronald Mcnair
PublicPK to 5

Ms 267 Math Science And Technology
Public6 to 8

Brooklyn High School Law And Tech
Public9 to 12

Gotham Professional Arts Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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986 Jefferson Avenue is a townhouse for sale in Bedford-Stuyvesant. This property was listed for sale on January 3, 2024 by Corcoran Group, it's currently listed at $3,750,000. This listing's school district is Nyc Geog District #16 - Brooklyn. Nearby schools include P.S. 5 Dr Ronald Mcnair, Ms 267 Math Science And Technology and Brooklyn High School Law And Tech. 986 Jefferson Avenue is a 6-bed, 8-bath, 7,466 sqft townhouse built in 2016.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.