198 Jefferson Street

Bushwick   |   Central Avenue & Wilson Avenue

Building For Sale
$ 950,000
Ownership Income Property
Lot Size 25'x100'
Floors/Apts 3/6
Status Active
Building Type House
Building Size 25'x55'
Year Built 1931
Listing ID: 91156TH

Jason Bauer

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Manager, Licensed Associate Real Estate Broker

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Property Description

Introducing 198 Jefferson Street – Prime Bushwick Investment Property. Fantastic opportunity to purchase this 6-unit multi-family home in the heart of Bushwick Brooklyn, all units are rent stabilized. Other than 3L, the units will be delivered with tenants in place, generating a steady cash flow from the start. This property has 6 bedrooms, 6 bathrooms and the building sits on a 25 × 100 SF lot with 4,123 SF of residential space and was built in 1931. Allowed usable floor area: 6,073 Usable floor area as built: 4,123 Unused FAR: 1,950 Tenants pay gas and electricity offering low carrying costs to the owner. There is huge upside in this property by way of future vacancies and renovation. RESIDENTIAL RENT PER MONTH: $6,040 + vacant 3L (last tenant paid $1840) = $7,880 EXPENSES MONTHLY: $2810 Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years. Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes. You can’t go wrong with 198 Jefferson Street! All offers submitted with proof of funds, must take AS IS. Schedule your appointment today. ©2023 Level Group copyright. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER. ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. It is the responsibility of the prospective purchaser to make an independent determination as to the condition and other investment factors of the property (or properties) in question and same cannot rely upon any representation made by Level Group or any broker associated with Level Group.
Introducing 198 Jefferson Street – Prime Bushwick Investment Property. Fantastic opportunity to purchase this 6-unit multi-family home in the heart of Bushwick Brooklyn, all units are rent stabilized. Other than 3L, the units will be delivered with tenants in place, generating a steady cash flow from the start. This property has 6 bedrooms, 6 bathrooms and the building sits on a 25 × 100 SF lot with 4,123 SF of residential space and was built in 1931. Allowed usable floor area: 6,073 Usable floor area as built: 4,123 Unused FAR: 1,950 Tenants pay gas and electricity offering low carrying costs to the owner. There is huge upside in this property by way of future vacancies and renovation. RESIDENTIAL RENT PER MONTH: $6,040 + vacant 3L (last tenant paid $1840) = $7,880 EXPENSES MONTHLY: $2810 Bushwick is one of the most popular neighborhoods in Brooklyn and has seen tremendous appreciation in property value over the past few years. Close proximity to the J and L trains offers tenants an easy commute to Manhattan in 25 minutes. You can’t go wrong with 198 Jefferson Street! All offers submitted with proof of funds, must take AS IS. Schedule your appointment today. ©2023 Level Group copyright. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER. ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. It is the responsibility of the prospective purchaser to make an independent determination as to the condition and other investment factors of the property (or properties) in question and same cannot rely upon any representation made by Level Group or any broker associated with Level Group.

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Apartment Features

A/C
198 Jefferson Street Bushwick Brooklyn NY 11206

Building Details [198 Jefferson Street]

Ownership Income Property
Service Level None
Access Walk-up
Block/Lot 3173/24
Building Size 25'x55'
Zoning R6
Building Type House
Year Built 1931
Floors/Apts 3/6
Lot Size 25'x100'

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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 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.