230 Schaefer StBrooklyn, NY 11207

Property Details for 230 Schaefer St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

4,875 SF

Zone code

R6

Property type

Apartment buildings

APN

03430-0018

APU

34300018

Description

This exceptional three-story apartment building, located at 230 Schaefer Street in the vibrant Bushwick neighborhood of Brooklyn, New York, presents a compelling investment opportunity. Built in 1910, the property boasts a total of 4,875 square feet and comprises six individual rental units, offering a price per unit of $541,667. The asking price for the entire building is $3,250,000, translating to a price per square foot of $666.67. Situated in Kings County, with a zip code of 11207, this property benefits from its location within a thriving and dynamic area of Brooklyn. The building's solid construction and established rental income stream make it an attractive prospect for investors seeking a stable and potentially appreciating asset in a high-demand market. The property's location offers easy access to local amenities, transportation, and the broader attractions of Brooklyn. This is a rare chance to acquire a well-maintained multifamily property in a prime Brooklyn location. The building's history and current condition represent a blend of classic charm and modern investment potential. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $999,419

  6.5%

  $922,541

  7%

  $856,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $987,300

  Geo Method

  $987,300

• Alternative Use

  Use

  Valuation

  Residential

  $922,541

  Hospitality

  $845,042

  Educational

  $703,065

  Medical

  $727,245

  Retail

  $1,093,657

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6908

Longitude

-73.9063

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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