190 Schaeffer Street

$675,000

for sale

No longer available 4/24/2010

4,729 ft²

$142 per ft²

24 rooms

12 beds

6 baths

Rental unit
Bushwick

Seller's agent

Kasra Khanbabai

Weichert Property Works

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Listing by Weichert Property Works

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Common charges

Not applicable

Estimated payment

$3,885/mo

Taxes

$307/mo

Tax abatement

No info

About

Seller’s agent

Kasra Khanbabai

Unknown

Weichert Property Works

Description

Great investment opportunity.

6 Family Brick building.
Cap Rate of more than 8.1 %
Rents are all below DHCR, with 3 apts permanently exempt.
All Apartments are two bedroom floor thru with windows in each room & two entrances.

Asking: 8.71x the rent.

Call or email Kaz for more info.

Kaz@propertyworksny.com
Kaz - 917-776-0984

Policies

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Home features

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Building amenities

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About the building

190 Schaefer Street

190 Schaefer Street, Brooklyn, NY 11207

Rental building inBushwick

8 units

4 stories

1910 built

For sale

0 available units for sale

For rent

1 available units for rent

Documents and permits

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Learn more about 190 Schaefer Street

Property history

Price change: ↓ $6,075,000 (-90.0%) on 4/3/09
Days on market: 745 days

Date	Price	Event
6/30/2011	$695,000	No longer available
12/10/2008	$695,000	Listed by Halstead Real Estate
4/24/2010	$675,000	No longer available
4/3/2009	$675,000	Price decreased by 90%
3/24/2009	$6,750,000	Price increased by 893%

Explore Bushwick

Transit

Location	Distance
Lat Wilson Av	0.16 miles
Lat Halsey St	0.45 miles
JZat Chauncey St	0.47 miles
Jat Halsey St	0.5 miles
Lat Bushwick Av	0.52 miles

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About Bushwick

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

Sales

Median asking price

12 beds

$1.15M

Bushwick has seen a lot of change over the years. In the early 1900s, it was known for its thriving distilleries and breweries. After those industries declined, it experienced a long period of blight through the 1970s and 1980s. Now the neighborhood is seeing a renaissance, as artists pushed out of Williamsburg and elsewhere move in and raise property values. Bushwick offers unconventional living spaces: The housing market is full of converted lofts in old factories, sometimes with great access to outdoor space.

Learn more about Bushwick