Exclusive Retained To Market 184 Schaefer St. Primely Located In Bushwick Within A Short Distance To The L Train As Well As Multiple Bus Routes; This Subject Property Is A Fully Leased Rent Stabilized Building.
The Property Is Currently Operating At A 7% Capitalization Rate With A Net Adjusted Annual Rent Of $100, 297. Annual Expenses For Current Ownership Are Approximately $37, 600 Annually.
A Value Add Potential For Long Term New Ownership Exists Via Strategic Vacancies And Capital Improvement. The Building Has An Additional 1, 100 Sq. Ft. Of Residual Floor To Area Ratio Presents A Unique Opportunity For Investors Looking To Enter In A Highly Desirable Submarket With A Well Performing Asset.
Property Information
Location/Town
Bushwick
Area/County
Brooklyn
Prop. Type
Multi-Family for Sale
Style
Attached
Tax
$11,453.00
Bedrooms
6
Total Baths
6
SqFt
4,778
# Stories
3
Year Built
1910
# of Cars
None
Basement
Full, Unfinished
Exterior
Brick
Roof
Flat
Construction
Brick
Foundation
Poured Concrete
Yard
Back
Insurance/Year
$8,000.00
Lot SqFt
2,450
Fuel/Year
$6,000.00
Heat
Steam/Radiator
Electric
110 V
Roof
Flat
Zoning
R6
Features
Refrigerator, stove
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