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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.
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