$950,000
↓ $150K (13.6%)
●
Townhouse -
For Sale
198 Jefferson Street #HOUSE
Brooklyn, NY 11206
6 Beds
6 Baths
4123 Sqft
$5,331
Estimated Monthly
$0
HOA / Fees
15.58%
Cap Rate
About This Property
Introducing 198 Jefferson Street – Prime Bushwick Investment
Property.
Fantastic opportunity to purchase this 6-unit multi-family home in the heart of Bushwick Brooklyn, all units are rent stabilized.
Other than 3L, the units will be delivered with tenants in place, generating a steady cash flow from the start.
This property has 6 bedrooms, 6 bathrooms and the building sits on a 25 × 100 SF lot with 4,123 SF of residential space and was built in 1931.
Allowed usable floor area: 6,073
Usable floor area as built: 4,123
Unused FAR: 1,950
Tenants pay gas and electricity offering low carrying costs to the owner. There is huge upside in this property by way of future vacancies and renovation.
RESIDENTIAL RENT PER MONTH: $6,040 + vacant 3L (last tenant paid $1840) = $7,880
EXPENSES MONTHLY: $2810
Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years.
Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes.
You can't go wrong with 198 Jefferson Street!
All offers submitted with proof of funds, must take AS IS.
Schedule your appointment today.
©2023 Level Group copyright. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER. ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. It is the responsibility of the prospective purchaser to make an independent determination as to the condition and other investment factors of the property (or properties) in question and same cannot rely upon any representation made by Level Group or any broker associated with Level Group.
Fantastic opportunity to purchase this 6-unit multi-family home in the heart of Bushwick Brooklyn, all units are rent stabilized.
Other than 3L, the units will be delivered with tenants in place, generating a steady cash flow from the start.
This property has 6 bedrooms, 6 bathrooms and the building sits on a 25 × 100 SF lot with 4,123 SF of residential space and was built in 1931.
Allowed usable floor area: 6,073
Usable floor area as built: 4,123
Unused FAR: 1,950
Tenants pay gas and electricity offering low carrying costs to the owner. There is huge upside in this property by way of future vacancies and renovation.
RESIDENTIAL RENT PER MONTH: $6,040 + vacant 3L (last tenant paid $1840) = $7,880
EXPENSES MONTHLY: $2810
Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years.
Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes.
You can't go wrong with 198 Jefferson Street!
All offers submitted with proof of funds, must take AS IS.
Schedule your appointment today.
©2023 Level Group copyright. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER. ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. It is the responsibility of the prospective purchaser to make an independent determination as to the condition and other investment factors of the property (or properties) in question and same cannot rely upon any representation made by Level Group or any broker associated with Level Group.
Unit Size
4,123Ft²
Days on Market
342 days
Land Size
-
Price per sqft
$230
Property Type
Townhouse
Property Taxes
$666
HOA Dues
-
Year Built
1931
Listed By
Last updated: 2 months ago (RLS #PRCH-7580585)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 14, 2023 | Price Decreased |
$950,000
↓ $150K
(13.6%)
|
|
Price Decreased | |||
May 23, 2023 | Listed by Level Group Inc | $1,100,000 | |
Listed by Level Group Inc |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 6
Bathroom Information
Full Bathrooms: 6
Interior Information
Living Area: 4123
Room Information
Laundry Features: Building None
Rooms: 6
Exterior Details
Property Information
Year Built: 1931
Building Information
Pets Allowed: Building No, No
Lot Information
Lot Size Dimensions: 25.0 x 100.0
Land Information
Tax Lot: 0024
Tax Block: 03173
Financial Details
Tax Annual Amount: $7,992
Location Details
Subdivision Name: Bushwick
Stories Total: 3
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
2
Baths
1,300 ft²
$750/ft²
$975,000
Dec 3, 2019
$975,000
Jan 28, 2020
$109/mo
Townhouse
5
Beds
3
Baths
-
$1,115,000
Sep 28, 2018
$1,115,000
Feb 8, 2019
-
Sold
Condo
3
Beds
2
Baths
1,180 ft²
$804/ft²
$949,000
Aug 6, 2020
$949,000
Oct 21, 2020
$923/mo
Sold
Multifamily
4
Beds
2
Baths
-
$945,000
Jan 18, 2021
$945,000
May 21, 2021
$136/mo
Condo
2
Beds
1
Bath
1,032 ft²
$930/ft²
$960,000
May 15, 2021
$960,000
Oct 1, 2021
$393/mo
Sold
Condo
2
Beds
2
Baths
1,143 ft²
$804/ft²
$919,000
Mar 7, 2015
$919,000
May 29, 2015
$1,120/mo
Active
House
2
Beds
1.5
Baths
1,080 ft²
$921/ft²
$995,000
Sep 14, 2023
-
$2,008/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/23/2023
|
|
6 Bed
|
6 Bath
|
-
|
$950,000
6 Bed
6 Bath
|
$815,000
-14.21%
01/31/2024
|
Lawrence Link
Level Group Holdings, LLC
|
Building Info
198 Jefferson Street
198 Jefferson Street, Brooklyn, NY 11206
- 6 Units
- 1 Unit for Sale