224 Moffat St Brooklyn, NY 11207
- Apartment buildings
- 4,875 SF
- 0.06 lot acres
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
-
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
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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