94 Wyckoff Street, Apt 1R Boerum

About This Home

A rare opportunity to acquire a fully stabilized, income-producing condominium in the heart of Boerum Hill, one of Brooklyn’s 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.

Estimated Monthly Costs

Home Facts

Property Type

Condo

Beds

2

Baths

2 ba

Size

950 ft²

Rooms

5

Pets

Case By Case

Neighborhood

Boerum

Nearby Transit

• FG

  Bergen St
  282 ft · 1 min walk
• ACG

  Hoyt-Schermerhorn Sts
  0.3 mi · 6 min walk
• FG

  Carroll St
  0.4 mi · 8 min walk
• 23

  Hoyt St
  0.4 mi · 8 min walk

Location