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Listing Courtesy of Corcoran Group
$ 2,695,000
Est. payment | /mo
9 Beds
10 Baths
5,342 SqFt
$ 2,695,000
Est. payment | /mo
9 Beds
10 Baths
5,342 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,342 sqft
Price per Sqft $504
Subdivision Stuyvesant Heights
MLS Listing ID RLS20075527
Bedrooms 9
Full Baths 10
HOA Y/N No
Annual Tax Amount $15,120
Property Sub-Type Multi Family
Property Description
Set on one of Brooklyn's most coveted tree-lined streets, this magnificent Romanesque Revival limestone stands as a testament to the craftsmanship and ambition of late 19th-century Brooklyn. Located on the namesake boulevard of the storied Stuyvesant Heights neighborhood, 400 Stuyvesant Ave commands immediate attention with its richly carved limestone facade, featuring intricate foliate corbels, ornate hood moldings, and a sweeping entry stoop that evokes the grandeur of a bygone era.
Boasting 5,342 square feet and currently configured as a grand 9-unit home, the 22X75 building sits on a 22X95 corner lot on Stuyvesant Ave and Bainbridge St, both of which are historic and landmarked blocks. The entrance is cleverly tucked on Bainbridge St, allowing for massive units that all receive a great deal of sunlight. The building retains 8 tenants. The crown jewel parlor unit and office are available for owner occupancy or rental, rich in period details including floor-to-ceiling dark wood, coffered ceilings, wainscoting, pier glass mirror, Corinthian columns, pocket doors, parquet flooring, plaster moldings, and more.
The historic rent roll has consistently been $215,174.04 annually. Building expenses are approximately $40,000/year, making this a solid cap rate of 6.3%. Major updates have already been completed in the building, providing a turnkey ready home for the next owners.
Inside, the building's original architectural bones remain a constant source of delight: soaring ceiling heights, original hardwood floors, detailed plaster medallions, and deep-set bay windows that flood each space with warm afternoon light. Period millwork and ornamental fireplace surrounds speak to the artistry of the craftsmen who built this home at a time when Stuyvesant Heights was emerging as one of Brooklyn's most prestigious residential neighborhoods.
Currently configured as a 9-unit income-producing property, the building presents a rare opportunity for investors, developers, or owner-users looking to plant roots on one of Central Brooklyn's most architecturally significant blocks. Whether reimagined as a grand single-family mansion, a boutique multi-family asset, or a thoughtfully preserved rental portfolio, the bones here are simply irreplaceable.
Located just 1 short block from Fulton Park, where the A/C trains will get you into Manhattan in 20 minutes. Nearby, Milk & Pull Cafe, Laziza, Chez Oskar, BKB, grocery stores, and other neighborhood hotspots are within the vibrant retail and dining corridors in the area. This address offers the best of both worlds: historic Brooklyn character with unmatched connectivity to the broader city.
Properties like this don't come around twice. 400 Stuyvesant Ave isn't just a building - it's a piece of Brooklyn history.
Boasting 5,342 square feet and currently configured as a grand 9-unit home, the 22X75 building sits on a 22X95 corner lot on Stuyvesant Ave and Bainbridge St, both of which are historic and landmarked blocks. The entrance is cleverly tucked on Bainbridge St, allowing for massive units that all receive a great deal of sunlight. The building retains 8 tenants. The crown jewel parlor unit and office are available for owner occupancy or rental, rich in period details including floor-to-ceiling dark wood, coffered ceilings, wainscoting, pier glass mirror, Corinthian columns, pocket doors, parquet flooring, plaster moldings, and more.
The historic rent roll has consistently been $215,174.04 annually. Building expenses are approximately $40,000/year, making this a solid cap rate of 6.3%. Major updates have already been completed in the building, providing a turnkey ready home for the next owners.
Inside, the building's original architectural bones remain a constant source of delight: soaring ceiling heights, original hardwood floors, detailed plaster medallions, and deep-set bay windows that flood each space with warm afternoon light. Period millwork and ornamental fireplace surrounds speak to the artistry of the craftsmen who built this home at a time when Stuyvesant Heights was emerging as one of Brooklyn's most prestigious residential neighborhoods.
Currently configured as a 9-unit income-producing property, the building presents a rare opportunity for investors, developers, or owner-users looking to plant roots on one of Central Brooklyn's most architecturally significant blocks. Whether reimagined as a grand single-family mansion, a boutique multi-family asset, or a thoughtfully preserved rental portfolio, the bones here are simply irreplaceable.
Located just 1 short block from Fulton Park, where the A/C trains will get you into Manhattan in 20 minutes. Nearby, Milk & Pull Cafe, Laziza, Chez Oskar, BKB, grocery stores, and other neighborhood hotspots are within the vibrant retail and dining corridors in the area. This address offers the best of both worlds: historic Brooklyn character with unmatched connectivity to the broader city.
Properties like this don't come around twice. 400 Stuyvesant Ave isn't just a building - it's a piece of Brooklyn history.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Gas
Fireplace No
Laundry Building Other, Washer Hookup
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Tax ID 01680-0045
Ownership None
Monthly Total Fees $1, 260
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY