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184 Schaefer St Brooklyn, NY 11207

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For Sale
$890,000

Fully leased, rent-stabilized building in prime Bushwick location.

Lot size:
0.06 Acres

Property Features for 184 Schaefer St

General Information

Lot size
0.06 Acres

Building Details

Year built
1910

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Listing Contact
David Stephens
Source: Elliman

Listing Agent: David Stephens

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.907669
Latitude
40.689466

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.
More about this property
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