215 Schaefer Street

$1,850,000
Price
8
Beds
3
Baths
4,286 Sq. Ft.
$432 / Sq. Ft.
4,286
Sq. Ft.
$432
per Sq. Ft.

Description

Income-Producing 3-Family Investment Property with 5% Cap Rate - Prime Bushwick Location! Presenting 215 Schaefer St - a income-producing property with a solid 5% cap rate.   This 19.5 100 property underwent a complete gut renovation in 2021 resulting on a new CofO, this building offers modern upgrades, energy efficiency, and strong rental potential. The bottom floor will be delivered VACANT providing an opportunity for owner-occupancy or increased rental income. The first-floor unit is a newly renovated,...  Income-Producing 3-Family Investment Property with 5% Cap Rate - Prime Bushwick Location! Presenting 215 Schaefer St - a income-producing property with a solid 5% cap rate.   This 19.5 100 property underwent a complete gut renovation in 2021 resulting on a new CofO, this building offers modern upgrades, energy efficiency, and strong rental potential. The bottom floor will be delivered VACANT providing an opportunity for owner-occupancy or increased rental income. The first-floor unit is a newly renovated, ADA-compliant two-bedroom apartment featuring a private backyard and in-unit washer/dryer. The second-floor unit offers a spacious, updated three-bedroom layout, while the third floor boasts three bedrooms, two skylights, and a large terrace. Each residence showcases high ceilings, dishwashers, stainless steel appliances, hardwood floors, oversized windows, decorative fireplaces and exposed brick, blending modern and classic design elements seamlessly. Key Features: - Super High-Efficiency Boilers rated by National Grid, with integrated water heaters serving as combination heat and hot water units, ensuring optimal performance. - ADA-Compliant Apartment (#1) with lower light switches, intercom panel, a wheelchair-accessible bathroom with a 4-foot turning radius, grab bars, and a special pedestal for assistance. - Fireproof Building with concrete-poured staircases for enhanced safety. - Equipped with an RPZ valve to separate domestic water from the sprinkler system, along with a high-capacity ventilation system in the basement to ensure fresh air circulation and prevent carbon monoxide issues. - Hardwired Carbon Monoxide and Smoke Detectors connected to the circuit breaker panel, eliminating the need for battery replacements. Tenants pay their own electricity and gas, including electric bills for their in-unit washing machines. This property provides an unmatched combination of efficiency, safety, and modern living conveniences, making it a high-demand option for renters. Situated in the heart of Bushwick, this property offers easy access to public transportation L/ J/Z trains, only 25 minutes to Manhattan plus multiple bus lines. Bushwick is known for its trendy cafes, restaurants, and a vibrant arts scene. With proximity to parks and shops, this sought-after neighborhood continues to attract high-demand renters, making it a solid long-term investment.    

Property Details for 215 Schaefer Street

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LISTING UPDATED: 09/10/2024 08:32 PM

Property Details for 215 Schaefer Street

StatusActive
MLS IDRPLU-1032523179935
Days on Market9
Taxes$422 / month
Maintenance-
Min. Down Pymt-
Total Rooms16.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1899
Lot Size912 SF / 19' x 48'
CountyKings County

Building

215 Schaefer St

3 Units2 StoriesBuilt in 1899

Building Information for 215 Schaefer Street

Stories2Residences3Year Built1899Building Size19.5' x 48'Building Sq. Ft1,872 SFLot Size912 SF / 19' x 48'Building AgePre-warBuilding TypeHouse

Property Information for 215 Schaefer Street

Summary
Location and General Information
  • Subdivision Name: Bushwick
  • Stories Total: 1
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0016
  • Tax Block: 01824
  • Flip Tax: $0
  • Building Tax Lot: 0016
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 4286.0
  • Building Area Total: 4286.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 19.00x48.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: InUnit
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: Townhouse
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace Features: Decorative
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Floor Number: 1
  • Basement: No
  • Cooling: No
  • Laundry Features: InUnit
  • ElevatorsTotal: 0
  • Size Dimensions: 48.00x19.50
Multi Family
Multi-Family Information
  • Number Of Units Total: -1
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 215 Schaefer Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 Schaefer Street

Taxable ValueLand$12,900Additions$82,320Total$95,220
Home Facts
Total Finished SqFt3,515 SqFtLot Size1,950 SqFtYear Built1899ZoningR6APN3034240071

Schools near 215 Schaefer Street

This home is within Nyc Geog District #32 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - PK to 5
Rating
School
Distance
P.S. Is 384 Frances E Carter
PublicPK to 8

Brooklyn School For Math And Researc
Public9 to 12

Evergreen Middle School-Urban Exploration
Public6 to 8

P.S. 377 Alejandina B De Gautier
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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215 Schaefer Street is a townhouse for sale in Bushwick. This property was listed for sale on September 11, 2024 by Serhant LLC, it's currently listed at $1,850,000. It has been on the market for a total of 9 days and was last sold on May 3, 2017. This listing's school district is Nyc Geog District #32 - Brooklyn. Nearby schools include P.S. Is 384 Frances E Carter, Brooklyn School For Math And Researc and Evergreen Middle School-Urban Exploration. 215 Schaefer Street is a 8-bed, 3-bath, 4,286 sqft townhouse built in 1899.

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Listing Courtesy of Serhant LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.