NOT LISTED FOR SALE

268 Schaefer St Brooklyn, NY 11237

Bushwick Neighborhood

Estimated Value: $1,292,000 - $2,034,000

8 Beds
3 Baths
3,465 Sq Ft
$467/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $1,440,000 $416 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,925/month

90 Days on Market

Highlights

  • Colonial Architecture
  • Private Lot
  • Main Floor Primary Bedroom
  • Property is near public transit
  • Wood Flooring
  • 5-minute walk to Irving Square Park

About This Home

As of May 2023

Phenomenal 3-family opportunity in Bushwick. Large 21x55 property on 25.5x100 lot. 1st flr features eat-in kitchen, 2 bedrms, full bathrm, formal dining rm & living rm. 2nd Flr features eat-in kitchen, 3 bedrms, full bathrm, formal dining rm & living rm. 3rd flr also features eat-in kitchen & 3 bedrms, a full bathrm, formal dining rm & living r=m. 8 total bedrms. Shared driveway is approx 9ft wide, can accommodate SUVs & leads to a yard & an open carport w/ space for 3 vehicles. Full bsmt w/ high ceilings is unfinished & is a blank slate ready for conversion into additional usable space. There are separate electric & gas meters for each unit, plus a 4th electrical meter for the common area. Minutes from the J,L,M & Z lines as well as the B20, B26 & B60 bus lines. Rated a 90 on walkscore.com, and nearby to great neighborhood shops and restaurants. Delivered vacant & a fantastic investment opportunity!

Last Agent to Sell the Property

George Herrera

Keller Williams Landmark II License #10401224259 Listed on: 08/24/2022

Keller Williams Landmark II

Co-Listed By

Daniel Akerman

Keller Williams Landmark II License #10401273924

Last Buyer's Agent

Non Member

NonMember

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1920

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 25.5' x 100'
  • 1 Common Wall
  • Southwest Facing Home
  • Private Entrance
  • Back Yard Fenced
  • Private Lot

Parking

  • 1 Car Detached Garage
  • Carport
  • Shared Driveway
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,465 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps/Is 384 Frances E Carter Elementary School
  • Evergreen Ms-Urban Exploration Middle School
  • Brooklyn School For Social Justice High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Exclusions: A/C Units,Dryer,Washer
  • Legal Lot and Block 12 / 3431
  • Assessor Parcel Number 03431-0012

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,928

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Exclusions: A/C Units,Dryer,Washer
  • Year Built: 1920
  • New Construction: No
  • Co List Office Mls Id: ONEKLRW01
  • Co List Office Phone: 347-846-1200
  • BuildingSize: 21 x 55'
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Master Downstairs, First Floor Bedroom, Den/Family Room, Eat-in Kitchen, Formal Dining, Entrance Foyer
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: Bilco Door(s), Full, Unfinished
  • Inclusions: Door Hardware,Refrigerator
  • Total Bedrooms: 8
  • Living Area: 3465
  • Window Features: Skylight(s)
  • SquareFootage: 3465.00
  • NumberOfKitchens: 3

Exterior Features

  • Direction Faces: Southwest
  • Construction Materials: Brick
  • Fencing: Back Yard, Fenced, Partial
  • Exterior Features: Private Entrance
  • FloodZoneReportYN: 0

Garage/Parking

  • Total Parking Spaces: 3
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Shared Driveway, Carport, Detached, Private, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Hot Water
  • Security: Security System
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Evergreen Ms-Urban Exploration

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.5' X 100'
  • Lot Size Sq Ft: 2550
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit, Private
  • Parcel Number: 03431-0012
  • Zoning Description: R6
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 4928
  • Tax Block: 3431
  • Tax Lot: 12
  • Tax Map Number: 03431-0012

MLS Schools

  • Elementary School: Ps/Is 384 Frances E Carter
  • High School: Brooklyn School For Social Justice
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
May 1, 2023
Sold by
Rodriguez Ruben Joseph and Rodriquez Ruben Joseph
Bought by
Origin Design 102 Realty Llc
Seller's Agent
George Herrera
Keller Williams Landmark II
Buyer's Agent
Non Member
NonMember
List Price
$1,499,999
Sold Price
$1,440,000
Premium/Discount to List
-$59,999
-4%
Views
57
Current Estimated Value
$1,619,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,737
Avg. Annual Appreciation
4.50%
Original Mortgage
$1,008,000
Outstanding Balance
$979,612
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$640,125

Purchase Details

Closed on
Jan 20, 2017
Sold by
Rodriguez Guillermina
Bought by
Rodriguez Guillermina and Rodriguez Ruben J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Origin Design 102 Realty Llc $1,440,000 --
Rodriguez Guillermina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Origin Design 102 Realty Llc $1,008,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $1,440,000 -4.0% $416 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $1,499,999 +4.2% $433 / Sq Ft
09/13/2022 09/13/22 Off Market $1,440,000 -- --
08/24/2022 08/24/22 For Sale $1,499,999 -- $433 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,563 $103,260 $12,540 $90,720
2024 $5,563 $98,700 $12,540 $86,160
2023 $4,653 $102,840 $13,080 $89,760
2022 $1,805 $84,660 $13,080 $71,580
2021 $1,791 $88,380 $13,080 $75,300
2020 $1,344 $73,560 $13,080 $60,480
2019 $1,755 $73,560 $13,080 $60,480
2018 $1,562 $21,795 $2,894 $18,901
2017 $1,451 $20,571 $4,243 $16,328
2016 $1,319 $19,407 $4,802 $14,605
2015 $2,121 $19,407 $4,773 $14,634
2014 $2,121 $19,233 $5,673 $13,560
Source: Public Records

Agents Affiliated with this Home

  • George Herrera

    Seller's Agent in 2023

    George Herrera

    Keller Williams Landmark II

    (718) 968-5538

    2 in this area

    168 Total Sales

    George Herrera
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Daniel Akerman

    Keller Williams Landmark II

    (646) 844-5770

    2 in this area

    32 Total Sales

    Daniel Akerman
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NonMember

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3425729

OneKey® MLS

APN: 03431-0012

New York Kings County Brooklyn 11207 Bushwick

268 Schaefer St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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