$2,650,000
Updated 8 years ago
Off Market

129 Schaefer Street

Bushwick, Brooklyn | Evergreen Ave & Central Ave

11 Beds7.5 Baths5,092 Square FeetMulti-Family [Land-Lease]

$2,650,000
floors / apts4 / 4
Lot Size23'5"x75'
ZoneR7A
Building TypeLow-Rise
RE Taxes$22,992
Price Per SF
$520

Building Amenities

  • Voice Intercom
  • Laundry Room
  • Roof Deck

Property Description for 129 Schaefer Street

129 Schaefer is a Newly Developed 5,092 sqft, 4-Unit building in Bushwick located between Central Avenue and Evergreen Avenue. The property will be delivered with an in-place tenants with an income of $136,800 . Three of the units are 3 bed/ 2 Bath and the first floor unit is a 2 bed/1.5 bath duplex with exclusive outdoor space. Each unit is equipped with hardwood floors, stainless steel appliances, granite counter tops, and central air conditioning. The Building boasts large windows, on-site laundry, and a common roof-deck.The property is located just five minutes from transportation and from the top restaurants, nightlife and outdoor activities that Bushwick has to offer. This property is sure to become a constant source of income for the prospective buyer. The area is up and coming which allows for significant asset appreciation and the ability to do condo conversions in the future. Please email for rent roll.Don't miss the opportunity to own this desirable investment property.

Listing History for 129 Schaefer Street

Now
10/30/2018
POM by Alexander Maroni
Douglas Elliman
08/01/2018
Expired by Alexander Maroni
Douglas Elliman

Building Details for 129 Schaefer Street

OwnershipMulti-Family [Land-Lease]
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2017
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.29 miles
Chauncey St
0.37 miles
Halsey St
0.39 miles
Bushwick Av-Aberdeen St
0.43 miles

Citi Bike

Central Ave & Decatur St
0.08 miles
Central Ave & Covert St
0.08 miles

Contact Agents

Contact Agents

Alexander Maroni
Douglas Elliman
Niels Theodule
Douglas Elliman

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: 73216TH