184 Schaefer St Brooklyn, NY 11207
Bushwick NeighborhoodEstimated payment $5,585/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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®
MLS Number: 495586
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