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73 Schaefer Street, HOUSE
Brooklyn, NY 11207
Bushwick

Off Market

Property Type
House
Estimated Size
N/A
Price per ft²
N/A
Bedrooms
0 Bedrooms
Bathrooms
0 Bathrooms
Home Style
TH Single Family
Common Charges
N/A
Taxes
N/A
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
73 Schaefer Street
Building Year
N/A
Building Floors
N/A
Building Units
6 units
Middle School
296
Elementary School
PS 45
Days on RealDirect
N/A

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.

Features

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

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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