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Property profile & analytics

224 Moffat St Brooklyn, NY 11207

  • Apartment buildings
  • 4,875 SF
  • 0.06 lot acres
For Sale
Last Sale
Apr 18, 2023
$1,142,484
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-0214499
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Apartment buildings

Property Details for 224 Moffat St

Year built
1911
Lot size
0.06 lot acres
Property size
4,875 SF
Zone code
M1-1
Property type
Apartment buildings
APN
03447-0030
APU
34470030

Description

This exceptional investment opportunity presents a six-family row house located in the highly desirable Bushwick neighborhood of Brooklyn, New York. The property, situated at 224 Moffat Street, boasts a total of 4,875 square feet on a 0.06-acre lot. The building is a three-story walk-up, showcasing classic brick architecture. Currently occupied, this property offers six rent-stabilized units, providing a consistent income stream. All units are currently occupied by tenants, and the property is being sold "as-is" with all tenants in place. A detailed rent roll from the New York State Division of Housing and Community Renewal (DHCR) is available for review, allowing potential buyers to thoroughly assess the current rental income. It's important to note that any prospective buyer or their representative is responsible for independently verifying all provided information. The building features a separate hot water heater for each unit, adding to its functionality and maintenance convenience. This property represents a strong investment opportunity in a rapidly growing Brooklyn neighborhood. The buyer is responsible for conducting their own due diligence to confirm all aspects of the property and its financial performance.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $955,000
    ML approach
    $970,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,259,000
    Market price range: $554k - $1.26M
  • Alternative Use

    Use
    Estimation
    APARTMENT HOUSE (5+ UNITS)
    $955,000
    Current use
    COMMERCIAL (GENERAL)
    $1,415,000
    Change: +48% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9052
Latitude
40.6884
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,770
$9,000
$453,600
$462,600
-
$20,000
$1,008,000
$1,028,000
More about this property
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