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.
For sale
$1,350,000
236 Schaefer Street, Brooklyn, NY 11207
9beds
3,600sqft
Triplex, Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$375/sqft
$-- HOA
What's special
- 66 days
- 327
- 20
Zillow last checked:
Listing updated:
Listed by:
Global Xchange Realty, LLC 917-412-0047,
Nicholas R. Charles 917-412-0047
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
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $375/sqft
- Tax assessed value: $135,300
- Annual tax amount: $3,286
- Date on market: 8/1/2026
- Cumulative days on market: 66 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Contract,Conventional,FHA,VA
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Listed for sale | $1,350,000$375/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1033450 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,327 -0.2% | $117,420 +15.6% |
| 2024 | $3,332 | $101,580 +0.4% |
| 2023 | -- | $101,220 +24.9% |
| 2022 | -- | $81,060 +29.5% |
| 2021 | -- | $62,580 -5.5% |
| 2020 | $2,957 +1.1% | $66,240 -8% |
| 2019 | $2,926 +7.2% | $72,000 +451.9% |
| 2018 | $2,729 +8.6% | $13,046 +5.8% |
| 2017 | $2,513 +10.4% | $12,330 +5.9% |
| 2016 | $2,277 | $11,643 |
| 2015 | $2,277 +92.4% | $11,643 +1.1% |
| 2014 | $1,183 | $11,520 +6% |
| 2013 | -- | $10,872 +5.8% |
| 2012 | -- | $10,275 +5.9% |
| 2011 | -- | $9,703 |
| 2010 | -- | $9,703 +1.1% |
| 2009 | -- | $9,600 +6% |
| 2008 | -- | $9,060 +5.8% |
| 2007 | -- | $8,563 +5.9% |
| 2006 | -- | $8,086 |
| 2005 | -- | $8,086 +1.1% |
| 2004 | -- | $8,000 +6% |
| 2003 | -- | $7,550 +5.8% |
| 2002 | -- | $7,136 +5.9% |
| 2001 | -- | $6,739 |
| 2000 | -- | $6,739 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Bushwick
Nearby schools
Schools provided by the listing agent
- Elementary: Ps/Is 45 Horace E Greene
- Middle: Evergreen Ms-Urban Exploration
- 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.
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