73 Schaefer Street, HOUSE
Brooklyn, NY 11207

Off Market

Property Type
Estimated Size
Price per ft²
0 Bedrooms
0 Bathrooms
Home Style
TH Single Family
Common Charges
Tax Deduction
Financing Allowed
New Development
73 Schaefer Street
Building Year
Building Floors
Building Units
6 units
Middle School
Elementary School
PS 45
Days on RealDirect

Introducing 100 Covert & 73 Schaefer Street Portfolio. The referenced properties are located less than 1 block from each other the offering is a fantastic investment opportunity.100 Covert, a corner mixed use property consists of 4 residential units and 1 commercial unit with additional full HT basement is delivered 100% vacant. The existing above-grade SF is approximately 3,960 SF. The Building is 22'x 60' and the lot is 22'x 75'. The projected gross market rent roll of approximately $190,000 for 100 Covert offers an opportunity to achieve a 6% cap rate. 73 Schaefer Street is a 4,875 SF 6 Family property with additional full height basement. The building currently has one vacant unit and the opportunity for more vacancy is possible. The projected gross market rent roll is approximately $160,000 which offers an opportunity to achieve a 5% cap rate. The Building is 25'x 65' and the lot is 25'x 100 plus approximately 1,200 SF of additional FAR is available. The combined opportunity is projecting a 5.5% cap rate. Both properties are in need of a renovation but everything within is in working condition. For complete details please email or call today for property set up.


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Listing History

Oct. 9, 2016 Delisted $4,999,000
Oct. 6, 2016 Delisted $4,999,000
Dec. 16, 2015 Delisted $4,999,000
Nov. 1, 2015 Available $4,999,000

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