See Home Value
$950,000
Townhouse - Off Market

198 Jefferson Street

Brooklyn, NY 11206
bedrooms
6 Beds
bathrooms
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


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
Condo
3 Beds
2 Baths
1,180 ft²
$804/ft²
$949,000 Aug 6, 2020
$949,000 Oct 21, 2020
$923/mo
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
Condo
2 Beds
2 Baths
1,143 ft²
$804/ft²
$919,000 Mar 7, 2015
$919,000 May 29, 2015
$1,120/mo
Townhouse
6 Beds
6 Baths
4,123 ft²
$230/ft²
$950,000 May 23, 2023
-
$666/mo
Townhouse
5 Beds
3 Baths
-
$800,000 Jan 3, 2021
-
$1,839/mo
Multifamily
5 Beds
2 Baths
-
$899,999 Jul 12, 2023
-
$191/mo
House
Stu
-
-
$1,000,000 Oct 23, 2022
-
$619/mo
Townhouse
4 Beds
3 Baths
-
$999,000 Oct 6, 2023
-
$105/mo
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
20230523
05/23/2023
6 Bed
6 Bath
-
$950,000
bedrooms
6 Bed
bathrooms
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
More about this Building
198 Jefferson Street
Want to find out who owns 198 Jefferson Street, Brooklyn, NY 11206? Get detailed property transactions here .

About Northern Brooklyn


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