$890,000

184 Schaefer St Brooklyn, NY 11207

Bushwick Neighborhood

Estimated payment $5,618/month

Total Views 4,294
6 Beds
6 Baths
4,778 Sq Ft
$186 Price per Sq Ft

Highlights

  • Wood Flooring
  • Back Yard
  • 4-minute walk to Tiger Playground
  • Heating System Uses Steam

About This Home

Geo Real Estate Group has been exclusively retained to market 184 Schaefer St. Primely located in Bushwick within a short distance to the L train as well as multiple bus routes; this subject property is a fully leased rent stabilized building.

The property is currently operating at a 7% cap rate with a net adjusted annual rent of $100,297. Annual expenses for current ownership are approximately $37,600 annually.

A value add potential for long term new ownership exists via strategic vacancies and capital improvement. The building has an additional 1,100 sq. ft. of residual floor to area ratio presents a unique opportunity for investors looking to enter in a highly desirable submarket with a well performing asset.

Listing Agent

David Stephens

GEO Real Estate Group Inc Listed on: 09/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,453

Year Built

  • Built in 1910

Lot Details

  • 2,450 Sq Ft Lot
  • Lot Dimensions are 100 x 24
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 4,778 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 3429

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $8,000
  • Insurance Expense $6,000
  • Utility Expense $1,200
  • Gross Income $105,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,453

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 6.00
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Central Av
  • Cross Street Name2: Wilson Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 4778
  • Building Stories: 3
  • Street Name I D X: Schaefer
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 6
  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 2450

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 23
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 8000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 24
  • Zoning: R6

Rental Info

  • Rent Income: 8798

Multi Family

  • Annual Gross Income: 105576
  • Insurance Expense: 6000.00
  • Unit Count: 6
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 11453.00

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 For Sale $890,000 -- $186 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 495586

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11207 Bushwick

184 Schaefer St, Brooklyn, NY

For Sale

MultiFamily

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Nearby Homes
Listing Agent
David Stephens
Section Image
GEO Real Estate Group Inc
(917) 905-3660