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177 Moffat St 3 Unit Apartment Building $2,150,000 ($716,667/Unit) Brooklyn, NY 11207
Investment Highlights
- Free Market
- Parking
- Seme-dettached
Executive Summary
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' × 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.
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' × 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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $716,667 | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 2,799 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2003 |
| Property Subtype | Apartment | ||
| Zoning | R6 | ||
| Price | $2,150,000 |
| Price Per Unit | $716,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,799 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Zoning | R6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 4+2 | 1 | - | - |
1 1
Exceptionally walkable
90/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 03441-0060 | Improvements Assessment | $98,520 (2026) |
| Land Assessment | $6,840 (2026) | Total Assessment | $105,360 (2026) |
Property Taxes
Parcel Number
03441-0060
Land Assessment
$6,840 (2026)
Improvements Assessment
$98,520 (2026)
Total Assessment
$105,360 (2026)
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177 Moffat St
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