![[Bushwick Real Estate, listing number 3316348]](https://www.vlshomes.com/images/full/3316348a.jpg)
| Description: 3316348 | |
| 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. | |
Details: |
||
| Families: | 6 | |
| Bedrooms: | 6 | |
| Bathrooms: | 6 | |
| Property Type: | Multi-Family | |
| Built: | 1910 | |
Financials: |
||
| Price: | $890,000 | |
Designed, Developed, Hosted
The Information contained in this Web Site is believed to be accurate but is not guaranteed. This Information is to be used for a reference and any questions that you may have should be directed to the appropriate Real Estate Agent. If you are interested in any of the properties contained within this web site, please contact the appropriate Real Estate Agent. Visual Listing Systems cannot be held responsible for any Errors or Omissions that may occur upon the Publishing of this Information. Visual Listing Systems is not acting as a Real Estate Broker and is only a Publisher of the Material contained within this Web Site. Powered by VLSHomes.com
Terms
Privacy
