Description
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.
Real Estate Context in Brooklyn
For visitors comparing Brooklyn, this listing offers a useful look at the local market around Brooklyn, New York, near ZIP code 11207. Continue with properties in Brooklyn or review current homes for sale. For another nearby comparison, review listings in Ridgewood.
- Principal and Interest
- Property Tax
- HOA fee



