Listing courtesy of Living Real Estate Group
94 Wyckoff Street, #1R, Brooklyn, (Boerum Hill), NY, 11201
5 rooms
2 beds
2 Full baths
1900
A rare opportunity to acquire a fully stabilized, income-producing condominium in the heart of Boerum Hill, one of Brooklyns most supply-constrained and historically resilient brownstone neighborhoods. 94 Wyckoff Street Unit 1R/1L combines long-term in-place income, low operating overhead, and rare private outdoor space (exclusive use), creating a straightforward investment profile with immediate cash flow and no lease-up risk, while preserving long-term ownership flexibility.
This legally combined residence is configured as a true 2-bedroom, 2-bathroom home offering approximately 950 square feet of interior living space with direct access to an approximately 1,123 square foot exclusive private garden- an increasingly scarce amenity that supports both tenant retention and long-term resale demand. Additional features include oversized private basement storage (the largest storage space in the building) and placement within an intimate 6-unit townhouse-style condominium with no doorman or amenity burden. In addition to in-unit laundry, there is also shared laundry in the basement.
The apartment is currently leased to long-term tenants at $6,250 per month through August 2028, generating $75,000 in annual gross income. Annual operating costs include approximately $11,011 in common charges, $9,386 in real estate taxes, and a $1,200 annual leasing/admin expense ($100/month), resulting in total annual expenses of approximately $21,598 and a net annual operating income of approximately $53,402.
At an asking price of $1,595,000, the asset represents an approximate 3.35% cap rate inclusive of all expenses. The extended lease term provides predictable income from day one and reduced near-term vacancy exposure, while condominium ownership offers straightforward long-term hold and future use flexibility at lease maturity.
For buyers seeking stable cash flow in a high-demand brownstone Brooklyn location, this offering presents a rare balance of income stability, operational simplicity, and long-term value.
The unit is renter-occupied through August of 2028. Please call for more specifics, or to set up a viewing.
Status:
Active
Town:
Brooklyn
Type:
Condo
Laundry Remarks:
CommonArea,Inside
Zoning:
R6B
Building Type:
Townhouse
Cooling:
Unknown Type
Levels:
4
Amenities:
Laundry Room; Common Storage;
Pet Policy:
Pets Allowed
Washer/Dryer:
Yes
Patio:
Yes
Private Garden:
Yes
Service Level:
Voice Intercom
OLR #:
RLS20072634
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