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Multi-Family for Sale in Bushwick, Brooklyn, NY 11207 | Web ID: 495586 | $890,000

Multi-Family in Bushwick - Schaefer  Brooklyn, NY 11207

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AGENT CONTACTS

Citizens International Realty

718-282-6400

718-282-4767

cir@citizensintlrealty.com

Property Description

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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  • Brooklyn, NY Office: 3017 Beverly Rd, Brooklyn, NY 11226
  • Atlanta, GA Office: 5107 Covington Hwy, Decatur, GA 30035
  • Email: cir@citizensintlrealty.com
  • Phone: 718-282-6400
  • Fax: 718-282-4767
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