236 Schaefer StreetBrooklyn, NY 11207

Description

Excellent investment opportunity at 236 Schaefer Street in the highly sought-after Bushwick neighborhood! This well-maintained three-family property features three spacious 3-bedroom apartments plus a basement. The first-floor unit and basement are currently vacant, offering immediate flexibility for an owner-occupant or the opportunity to maximize rental income. The second and third-floor units each include 3 bedrooms and 1 full bathroom, with month-to-month tenants currently in place. The property is generating an estimated 3% cap rate, with the potential to approach 8% at market rents. Conveniently located near the Wilson Avenue and Halsey Street L train stations, the property offers easy access to Manhattan and other parts of Brooklyn. Residents can enjoy Bushwick’s thriving restaurant scene, local shops, supermarkets, parks, art galleries, and renowned street art. Whether you’re looking to expand your portfolio or offset your mortgage with rental income, this property offers outstanding value and significant upside potential.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1915

Building area

3,600 Sq Ft

Lot size

0.05 acres

Days on market

98

MLS^® Listing#

1033450

Property Features

Cooling

Wall/Window Unit(s)

Heating

Baseboard · Hot Water

Flooring

Hardwood

Basement

Full · Unfinished

Parking

On Street

Construction

Aluminum Siding · Vinyl Siding

Utilities

Natural Gas Available · Cable Available · Cable Connected · Electricity Available · Electricity Connected · Natural Gas Connected · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps/Is 45 Horace E Greene

Middle

Evergreen Ms-Urban Exploration

High

Bushwick Leaders High School For Academic Excelle

Financial Details

Annual taxes

$3,286

Assessed value

$135,300

Parcel number

03430-0020