14 Stuyvesant Ave
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14 Stuyvesant Ave
5 Unit Apartment Building $2,700,000 ($540,000/Unit) 7% Cap Rate Brooklyn, NY 11221
Executive Summary
Douglas Elliman has been retained on an exclusive basis to arrange for the sale of 14 Stuyvesant Avenue, a ~6,425 gross square foot mixed-use property located in prime Bedford-Stuyvesant and on Stuyvesant Avenue (less than a block away from Broadway). The property offers over 40 frontage.
The 4-story property includes a ground floor commercial component as well as four (3) full floor apartments on the floors above, along with three (3) detached garage spaces. Each apartment totals over 1004-1065 square feet. Each of the residential floors, includes ceiling heights, up to over 10’ to create spacious units.
14 Stuyvesant Avenue is ideally located within the neighborhood of Bedford-Stuyvesant, which continues to experience an economic resurgence and thriving commercial hub. Nearby public spaces including Herbert Von King Park, serve as a community anchor for the rapidly growing population along with the location’s proximity to Williamsburg and Manhattan. Nearby distance is located shopping centers, restaurants, bars and cafes and the Myrtle Ave and Broadway train station
14 Stuyvesant Avenue represents a unique investment and/or user opportunity with significant long-term upside within one of Brooklyn’s most popular residential and commercial enclaves.
The 4-story property includes a ground floor commercial component as well as four (3) full floor apartments on the floors above, along with three (3) detached garage spaces. Each apartment totals over 1004-1065 square feet. Each of the residential floors, includes ceiling heights, up to over 10’ to create spacious units.
14 Stuyvesant Avenue is ideally located within the neighborhood of Bedford-Stuyvesant, which continues to experience an economic resurgence and thriving commercial hub. Nearby public spaces including Herbert Von King Park, serve as a community anchor for the rapidly growing population along with the location’s proximity to Williamsburg and Manhattan. Nearby distance is located shopping centers, restaurants, bars and cafes and the Myrtle Ave and Broadway train station
14 Stuyvesant Avenue represents a unique investment and/or user opportunity with significant long-term upside within one of Brooklyn’s most popular residential and commercial enclaves.
Property Facts
| Price | $2,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $540,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7% | Building Size | 6,425 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $2,700,000 |
| Price Per Unit | $540,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,425 SF |
| No. Stories | 4 |
| Year Built | 1931 |
Unit Amenities
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 01589-0042 | Improvements Assessment | $454,500 |
| Land Assessment | $28,800 | Total Assessment | $483,300 |
PROPERTY TAXES
Parcel Number
01589-0042
Land Assessment
$28,800
Improvements Assessment
$454,500
Total Assessment
$483,300
zoning
| Zoning Code | R6B (Medium Density Apartment House District) |
| R6B (Medium Density Apartment House District) |
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14 Stuyvesant Ave
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