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.
19 days
|
599
|
48
|
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Global Xchange Realty, LLC917-412-0047,
Nicholas R. Charles917-412-0047
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1033450
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 3
Full bathrooms: 3
Heating
Baseboard, Hot Water
Cooling
Wall/Window Unit(s)
Features
First Floor Bedroom, First Floor Full Bath
Flooring: Hardwood
Basement: Full,Unfinished
Has fireplace: Yes
Interior area
Total structure area: 3,600
Total interior livable area: 3,600 sqft
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Lot
Size: 2,000 Square Feet
Details
Parcel number: 034300020
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Triplex, Multi Family
Attached to another structure: Yes
Materials
Aluminum Siding, Vinyl Siding
Condition
Year built: 1915
Utilities & green energy
Gas: Separate Gas Meters: 2
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
High: Bushwick Leaders High School For Academic Excelle
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.