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.
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.
Property Details
Price:
$890,000
MLS #:
495586
Status:
Active
Beds:
6
Baths:
6
Type:
Multi Family
Subtype:
Multi-Family
Borough:
Brooklyn
Neighborhood:
bushwick
Listed Date:
Sep 15, 2025
Finished Sq Ft:
4,778
Year Built:
1910
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address184 Schaefer Street Brooklyn NY
- NeighborhoodBushwick
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11207
Market Summary
Current real estate data for Multi Family in Brooklyn as of Jan 16, 2026
637
Multi Family Listed
107
Avg DOM
597
Avg $ / SqFt
$1,764,322
Avg List Price
Property Summary
- 184 Schaefer Street Brooklyn NY is a Multi Family for sale in Brooklyn, NY, 11207. It is listed for $890,000
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