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Listing Courtesy of Corcoran Group
$ 6,000,000
Est. payment | /mo
11 Beds
10 Baths
8,960 SqFt
$ 6,000,000
Est. payment | /mo
11 Beds
10 Baths
8,960 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,960 sqft
Price per Sqft $669
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20023678
Style Walk-Up
Bedrooms 11
HOA Y/N Yes
Year Built 1931
Property Sub-Type Triplex
Property Description
Corcoran is pleased to offer for sale an eight unit multifamily rental building located at 194 Vernon Avenue, in the Bedford Stuyvesant neighborhood of Brooklyn, New York.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
THE ROMANESQUE REVIVAL STYLE TENEMENT BUILDING is located between two of Brooklyn's hot spot neighborhoods, Bedford Stuyvesant and Williamsburg. The property is just two (2) blocks from the G train at Myrtle/Willoughby Station, and three (3) blocks from the J/M trains at Myrtle Avenue, so one can be in downtown Brooklyn or downtown Manhattan in minutes.
This property consists of eight FM apartments and a supers unit. All units are free-market and are not subject to rent control / rent stabilization guidelines for multifamily dwellings four units and above. 194 Vernon Ave was fully gut-renovated in 2013, with all major systems replaced including the heating, plumbing, electrical, roof, and windows. Layouts have been reconfigured with spacious floor-plans allowing for the possibility of additional bedrooms. The property is at 100% occupancy with all paying tenants. Current rents have plenty of upside. The building is amenitized with a laundry room, shared roof, communal courtyard, bike area, 9 rentable storage spaces (ranging from $50-$400 per month).
194 Vernon Avenue is a unique opportunity for an investor to acquire a multi-family free-market asset in an established and growing submarket. This building has tremendous upside potential while also delivering an investor a stable, and headache free investment which will require minimal management and maintenance.
Setup is available upon request.
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building Other, Washer Hookup
Exterior
Exterior Feature Building Courtyard, Building Roof Deck, None, PrivateOutdoorSpaceOver60Sqft
View Y/N Yes
View Other
Porch None
Private Pool No
Building
Story 4
Entry Level Tri-Level
Level or Stories Tri-Level
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Rental Building
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Real Broker, LLC
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