184 Schaefer St Brooklyn, NY 11207
Fully leased, rent-stabilized building in prime Bushwick location.
Lot size:
0.06 AcresProperty Features for 184 Schaefer St
General Information
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1910
Source:
Elliman
Listing Agent: David Stephens
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bushwick Multifamily Property for Sale
This fully leased, rent-stabilized building is located in Bushwick, with convenient access to the L train and multiple bus routes. The property operates at a 7% cap rate, generating a net adjusted annual rent of $100,297. Current annual expenses for the ownership are approximately $37,600. The building offers a value-add potential for new ownership through strategic vacancies and capital improvements. Additionally, the property has 1,100 sq. ft. of residual floor to area ratio, presenting an opportunity for investors looking to enter a desirable submarket with a well-performing asset.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.907669
- Latitude
- 40.689466
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FAQs
What type of property is this?
Apartment building - Fully leased, rent-stabilized building in prime Bushwick location.
Where is this apartment building located?
The property is located at 184 Schaefer St Brooklyn, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: - Fully leased, rent-stabilized building in a desirable Bushwick location near the L train and bus routes.; - Currently operating at a **7% cap rate** with a net adjusted annual rent of $100,297.; - Value-add potential through strategic vacancies and capital improvements.