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$1,567,087
List Price: $1,595,000
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94 Wyckoff Street #1R
Condo in Boerum Hill •  building info
2bd • 2ba • 950ft² $1,679 per ft²
Buy with Yoreevo

$1,567,087

List Price

$1,595,000

Key Details
Days on market
27
Last price change
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Estimated payment
$6,481/mo
Taxes
$782/mo
Common charges
$918/mo
Description
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.

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Important Stuff
Washer/Dryer in unit
Home features
Dishwasher
Hardwood floors
Private outdoor space

Private Garden

View

Garden

Building amenities
Services and facilities
Fios Available
Laundry in Building
Storage

Locker/Cage

Shared outdoor space
Courtyard
Garden
Patio
Building info

History
What it'll cost
Purchase price
$1,595,000
Asking Price: $1,595,000
Term
30 Years
Down Payment
$797,000 (50%)
Min: 50% (797,000)
Rate
6.0 %
Mortgage Amount
$797,500
Mortgage Payment
$4,781
Common Charges
$918
Taxes
$782
Estimated Yoreevo rebate
$27,913
Estimated closing cost
$46,000
Total monthly cost $6,481
Buy your dream home with us and get an estimated $27,913 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Living New York

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