$890,000
Updated 6 months ago
Off Market

184 Schaefer Street

Bushwick, Brooklyn | Park Ave & Myrtle Ave

8 Rooms6 Beds6 Baths4,778 Square FeetMulti-Family

$890,000
floors / apts3 / 6
Lot Size24'x100'
Built Size24'x65'
ZoneR6
Building TypeTownhouse
RE Taxes$11,453
Price Per SF
$186

Building Amenities

  • Voice Intercom

Property Description for 184 Schaefer Street

Geo Real Estate Group has been exclusively retained to market 184 Schaefer St. Primely located in Bushwick within a short distance to the L train as well as multiple bus routes; this subject property is a fully leased rent stabilized building. The property is currently operating at a 7% cap rate with a net adjusted annual rent of $100,297. Annual expenses for current ownership are approximately $37,600 annually. A value add potential for long term new ownership exists via strategic vacancies and capital improvement. The building has an additional 1,100 sq. ft. of residual floor to area ratio presents a unique opportunity for investors looking to enter in a highly desirable submarket with a well performing asset.

Listing History for 184 Schaefer Street

Now
03/02/2026
POM by David Stephens
GEO Real Estate
2026

Building Details for 184 Schaefer Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/6
Learn More About the Building

Transit and Citi Bike

Subway

Wilson Av
0.2 miles
Halsey St
0.46 miles
Bushwick Av-Aberdeen St
0.48 miles
Chauncey St
0.48 miles

Citi Bike

Central Ave & Decatur St
0.09 miles
Central Ave & Covert St
0.1 miles

Contact Agent

Contact Agent

David Stephens
GEO Real Estate

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: 102782TH