About this home

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.

Facts and features

Schools

• Ps Is 384 Frances E Carter

  elementary · K-8 · 0.1 mi

  4

• Brooklyn School For Math And Research

  high · 9-12 · 0.5 mi

  8

• St. Marks Lutheran Schools

  elementary · K-8 · 0.5 mi

• Evergreen Middle School-Urban Exploration

  middle · 6-8 · 0.3 mi

  5

• Ps 151 Lyndon B Johnson

  elementary · K-5 · 0.2 mi

  8

• Bushwick Ascend Charter School

  elementary · K-8 · 0.2 mi

  9

Price history

• Aug 1, 2026 · Listed$1,350,000
• Feb 13, 1985 · Sold$28,000
• Oct 1, 1983 · Sold$25,000

Tax history

• 2026$3,326 tax · $135,300 assessed
• 2025$3,286 tax · $135,300 assessed
• 2024$3,331 tax · $117,420 assessed
• 2023$3,179 tax · $101,220 assessed
• 2022$2,953 tax · $81,060 assessed
• 2021$2,940 tax · $62,580 assessed
• 2020$2,957 tax · $66,240 assessed
• 2019$2,891 tax · $72,000 assessed

Home value

$1,336,000

• Collateral Analytics$1,336,000

Where it is