BEDS9
BATHS3 full
MLS#1033450
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBrooklyn 32
Property Description
Excellent investment opportunity at 236 Schaefer Street in the highly sought-after Bushwick neighborhood! This well-maintained three-family property features three spacious 3-bedroom apartments plus a basement. The first-floor unit and basement are currently vacant, offering immediate flexibility for an owner-occupant or the opportunity to maximize rental income. The second and third-floor units each include 3 bedrooms and 1 full bathroom, with month-to-month tenants currently in place. The property is generating an estimated 3% cap rate, with the potential to approach 8% at market rents.Conveniently located near the Wilson Avenue and Halsey Street L train stations, the property offers easy access to Manhattan and other parts of Brooklyn. Residents can enjoy Bushwick's thriving restaurant scene, local shops, supermarkets, parks, art galleries, and renowned street art. Whether you're looking to expand your portfolio or offset your mortgage with rental income, this property offers outstanding value and significant upside potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Hot Water
Lot Size: 0.05 Acres
Taxes: $3,286
Year Built: 1915
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Building Area Total: 3600
Exterior: Aluminum Siding, Vinyl Siding
Fireplace Y/N: Yes
Flooring: Hardwood
On Market Date: 2026-08-01
Parcel Number: 03430-0020
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
High School: Bushwick Leaders High School For Academic Excelle
Middle School: Evergreen Ms-Urban Exploration
Elementary School: Ps/Is 45 Horace E Greene
School District: Brooklyn 32
Estimate Your Payment
Estimated Payment
$ 7,493.92 per month $6,826.33 Principal & Interest $273.83 Property Tax $393.75 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Global Xchange Realty, LLC
Agency Phone: 917-412-0047
Shown By
Agent Name: Sukari Williams
Agent Phone: (516) 293-2323
Agency Title: Coldwell Banker American Homes
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236 Schaefer Street | MLS# 1033450
This multi-family property located at 236 Schaefer Street , Brooklyn, NY 11207 is currently listed for sale with an asking price of $1,350,000. Schaefer Street is located within the Brooklyn 32 school district. Search Brooklyn real estate on sukariwilliams.cbamhomes.com today.