$950,000
●
Townhouse -
Off Market
198 Jefferson Street
Brooklyn, NY 11206
6 Beds
6 Baths
$5,331
Estimated Monthly
$0
HOA / Fees
15.80%
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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Townhouse
Property Taxes
$666
HOA Dues
-
Year Built
1931
Last updated: 2 months ago (OneKey MLS #ONEH6257881)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 27, 2024 | No longer available | - | |
No longer available | |||
Jan 31, 2024 | Sold to Tristan Martin 3745 Llc | $815,000 | |
Sold to Tristan Martin 3745 Llc | |||
May 23, 2023 | Listed by Level Group Holdings, LLC | $950,000 | |
Listed by Level Group Holdings, LLC |
Property Highlights
Parking Details
Parking Features: Other
Interior Details
Bathroom Information
Full Bathrooms: 6
Interior Information
Interior Features: Home Office
Room Information
Rooms: 6
Basement Information
Basement: See Remarks
Exterior Details
Property Information
Square Footage : 4123
Architectual Style: Townhouse
Property Type: Residential
Property Sub Type: Townhouse
Year Built: 1931
Year Built Source: Other
Building Information
Building Area Units: Square Feet
Land Information
Water Source: See Remarks
Financial Details
Tax Annual Amount: $7,992
Utilities Details
Cooling: None
Heating: Other, See Remarks
Sewer : Other
Location Details
County or Parish: Brooklyn
Other Details
Selling Agency Compensation: 2.5%
On Market Date: 2023-05-23
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
3,213 ft²
$347/ft²
$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
Townhouse
6
Beds
6
Baths
4,123 ft²
$230/ft²
$950,000
May 23, 2023
-
$666/mo
Active
Townhouse
11
Beds
6
Baths
4,800 ft²
$182/ft²
$875,000
Jan 14, 2024
-
$1,122/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