$2,400,000
Updated 11 years ago
Off Market

234 Moffat Street

Bushwick, Brooklyn | Central Ave & Wilson Ave

18 Beds6 Baths5,500 Square FeetIncome Property

$2,400,000
floors / apts3 / 6
Lot Size25'x100'
Built Size25'x65'
ZoneM1-1
Building TypeLow-Rise
Price Per SF
$436

Property Description for 234 Moffat Street

234 Moffat Street in Bushwick, Brooklyn. The subject property is a large, corner property with 6 fully renovated, free market apartments in the heart of one of Brooklyn's most desired areas. The property has been renovated, including separate heating for each unit ensuring low annual operating costs. The building has excellent access to public transportation, with the Wilson Avenue L stop less than 20 feet away. Occupied by all paying young professionals. There is absolutely no work needed into this property. All you do is sit back and collect every month. The asking price represents a projected 5.3% capitalization rate giving you a solid return in this low interest rate environment. Contact me today to learn more about this amazing investment opportunity. Isaac 347-633-6791

Building Details for 234 Moffat Street

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1911
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.05 miles
Bushwick Av-Aberdeen St
0.41 miles
Halsey St
0.47 miles
Chauncey St
0.5 miles

Citi Bike

Wilson Ave & Moffat St
0.02 miles
Knickerbocker Ave & Moffat St
0.13 miles

Contact Agent

Contact Agent

Azad Kafarov
Premier Metro Realty Corp.

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 54608TH