304 Stuyvesant Avenue, Brooklyn, NY 11233

16 Family In Stuyvesant Heights With 7 Freemarket & 4 Vacancies

Cover Realty NYC has been retained to arrange for the sale of 304 Stuyvesant Avenue, a large walk-up building in the Bedford-Stuyvesant neighborhood of Brooklyn. Property will be sold "As Is" with no "Representations". With 26' of frontage, this property offers spacious layouts and with plenty of light and air, allowing studio and 1 BR units. The building comprises of approximately 8,300 Gross SF, and includes 16 residential apartments, not including an unfinished basement unit. 7 of the apartments are freemarket and 5 tenants have preferential rents. All units are grossly under market, collecting an average rent of less than $1300. on average, representing enormous upside in rents over time. Perfectly positioned on a beautiful brownstone street in Stuyvesant Heights, The trains are located nearby at Fulton and Utica Avenue, providing direct access to Downtown Brooklyn and Manhattan in 20 minutes.