92 Jefferson St Brooklyn, NY 11206
- Mixed-use properties
- 4,575 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 92 Jefferson St
- Year built
- 1931
- Property size
- 4,575 SF
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional mixed-use property at 92 Jefferson Street in Brooklyn, NY, presents a compelling investment opportunity. The three-story building, constructed in 1931, boasts a total of 4,575 square feet situated on a 2,152 square foot lot and is zoned R6. The building comprises six units: one studio/one-bathroom apartment with a private yard, and four two-bedroom/one-bathroom apartments. The ground floor houses a commercial space currently leased to a restaurant tenant (Formosa) under a long-term lease extending through 2033. The property's current Net Operating Income (NOI) is $181,348, yielding a 6.04% capitalization rate. A pro-forma NOI of $193,348 projects a 6.44% capitalization rate, indicating significant upside potential. The asking price is $3,000,000, translating to $500,000 per unit and $655.74 per square foot. Currently, the building enjoys an 83.33% occupancy rate. Its prime location in Bushwick, near the J, M, Z, and L train lines, provides easy access to Manhattan and other vibrant Brooklyn neighborhoods. This property offers a rare blend of stable income generation and future appreciation potential, making it an ideal addition to any investor's portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9315
- Latitude
- 40.6993
