177 Moffat St
Listing Notes
Built in 2003 Free-market three-family investment property Semi-detached brick building Ground-floor (4-bedroom, 2-bathroom) delivered vacant with an approximately 700 SF private backyard - exceptional owner-user opportunity Two occupied 3-bedroom apartments, upgraded with renovated kitchens, modern bathrooms, and new flooring Approx. 2,799 SF building on a 25' x 62.67' lot Full basement R6 zoning with approximately 642 SF of additional buildable area Upgraded common side yard Side yard offers potential to construct two additional units (subject to zoning and approvals) or create parking for two vehicles, with estimated additional income potential of approximately $1,000 per month ($12,000 annually) with a $0 investment. Strong in-place cash flow with significant rental upside Actual Gross Income: $129,420 | Potential Gross Income: $142,680 Actual NOI: $113,012 | Potential NOI: $140,636.05 Low annual property taxes of approximately $8,451 Just a 2-minute walk to the L train and 3 minutes from the J & Z Prime Bushwick location near many neighborhood amenities Modern construction with lower anticipated capital expenditures than comparable older multifamily buildings Owner-User Opportunity: Based on a 6.25% mortgage rate, approximately $6,990/month in rental income helps offset your monthly mortgage payment.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $1,200,000 to $2,699,999.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1392 Bushwick Ave Lot 34 | $1,200,000 | — |
| 20 Pilling St | $1,249,000 | 6 bd · 3 ba |
| 1222 Decatur St Unit Townhouse | $1,250,000 | 6 bd · 3 ba |
| 1183 Decatur St | $1,250,000 | 6 bd |
| 237 Cooper St | $1,250,000 | 6 bd · 4 ba |
| 260 Covert St | $1,299,000 | 6 bd · 3 ba |
| 255 Covert St Unit Twnhse | $1,325,000 | 9 bd · 3 ba |
| 236 Schaefer St | $1,350,000 | 9 bd · 3 ba |
| 71 DE Sales Pl | $1,350,000 | 5 bd · 3 ba |
| 71 DE Sales Pl | $1,350,000 | 5 bd · 3 ba |
| 1335 Bushwick Ave | $1,500,000 | 7 bd · 4 ba |
| 1335 Bushwick Ave | $1,500,000 | 7 bd · 4 ba |
| 1117 Decatur St | $1,550,000 | 8 bd · 5 ba |
| 186 Covert St | $1,599,000 | 7 bd · 5 ba |
| 14 Pilling St | $1,700,000 | 6 bd · 4 ba |
| 83A Cooper St | $1,800,000 | 4 bd · 5 ba |
| 298 Cooper St Unit 4 | $1,850,000 | 12 bd · 4 ba |
| 298 Cooper St Unit 4 | $1,888,888 | 12 bd · 4 ba |
| 12 Pilling St | $1,995,000 | 5 bd · 6 ba |
| 88 Aberdeen St | $1,999,999 | 8 bd · 8 ba |
| 190 Moffat St | $2,095,000 | 6 bd · 5 ba |
| 125 Schaefer St | $2,195,000 | 5 bd · 5 ba |
| 265 Covert St | $2,600,000 | 9 bd · 7 ba |
| 1106 Halsey St | $2,699,999 | 12 bd · 7 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more