8-Unit Apartment
For Sale
$6,500,000
112 Schaefer Street, Brooklyn, NY 11207
The property combines five two-bedroom apartments with three duplex residences in varied bedroom and bath configurations.
Property Size8,978 SF
Price / SF$723.99
Days on Market31
Property Features for 112 Schaefer Street
General Information
Standard status
Active
Size
8,978 SF
Property subtype
Commercial
Units
Unit Mix
5 x 2BR/2BA, 1 x Duplex 1BR/1.5BA, 1 x Duplex 2BR/1.5BA, 1 x Duplex 3BR/3BA
Multifamily Units
8
Building Details
Building Size
8,978 SF
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Hai X. Chen
(917) 855-6677
Source:
Croninreale
Added: Sep 25
Changed: Oct 24
Last Checked: Oct 23 at 4:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This 8,978-square-foot apartment property contains eight residences. Five are two-bedroom apartments, each with two bathrooms. The other three are duplex units: one with one bedroom and 1.5 bathrooms, one with two bedrooms and 1.5 bathrooms, and one with three bedrooms and three bathrooms.
Key Highlights
- 8,978‑square‑foot apartment property
- Five two‑bedroom apartments, each with two bathrooms
- Three duplex residences: one one‑bedroom/1.5‑bath, one two‑bedroom/1.5‑bath, and one three‑bedroom/three‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,089
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,481,780
$5.5M
Cap Rate 7%
$3,915,557
$3.9M
Cap Rate 9%
$3,045,433
$3.0M
Market Conditions
NOI Build-Up for 8,978 SF
Gross rent
$508.5K $56.64/SF
− Vacancy
−$10.2K −$1.13/SF
EGI
$498.3K $55.51/SF
− OpEx
−$224.3K −$24.98/SF
NOI
$274.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,481,780
Cap Rate 7%
$3,915,557
Cap Rate 9%
$3,045,433
Alternative Uses
Best Use
Apartment 5plus
$3.92M
$3.43M – $4.57M
NOI $274,089 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.43M
$6.50M – $8.67M
NOI $520,365 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines five two-bedroom apartments with three duplex residences in varied bedroom and bath configurations.
Where is this apartment building located?
The property is located at 112 Schaefer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 8,978‑square‑foot apartment property; Five two‑bedroom apartments, each with two bathrooms; Three duplex residences: one one‑bedroom/1.5‑bath, one two‑bedroom/1.5‑bath, and one three‑bedroom/three‑bath
