94 Wyckoff Street #1R, Brooklyn, NY 11201
Local realty services provided by:CENTURY 21 Awaye Realty
94 Wyckoff Street #1R,Brooklyn, NY 11201
$1,595,000
- 2 Beds
- 2 Baths
- 950 sq. ft.
- Condominium
- Active
Listed by: kevin m seaman
Office: living new york
MLS#:RLS20072634
Source:NY_REBNY
Price summary
- Price:$1,595,000
- Price per sq. ft.:$1,678.95
About this home
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.<br><br>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.<br><br>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.<br><br>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.<br><br>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.<br><br>The unit is renter-occupied through August of 2028. Please call for more specifics, or to set up a viewing.<br><br><br><br>
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Home facts
- Year built:1900
- Listing ID #:RLS20072634
- Added:8 day(s) ago
- Updated:February 27, 2026 at 11:36 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:5
- Kitchen Description:Dishwasher
- Living area:950 sq. ft.
Structure and exterior
- Year built:1900
- Building area:950 sq. ft.
- Exterior Features:Building Garden, Garden, Patio
Finances and disclosures
- Price:$1,595,000
- Price per sq. ft.:$1,678.95
- Tax amount:$9,384
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Common Area, Dryer, Washer
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