2 Beds
2 Baths
950 sqft
$1,595,000
94 Wyckoff Street 1R, Brooklyn NY, 11201
Price per sqft$1,678.95
Built in1900
Property size950 sqft
Property typeCondominium
Policies
- Pets Allowed
- Yes
Overview
Active
Listed Aug 20, 2026
Updated 2 days ago
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.
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.
$10,612/mo
Est. mortgage payment based on a $1,595,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20110419
- Available since
- October 3, 2026
Interior Features
- Bedrooms
- 2
- Bathrooms
- 2
- Heating
- Yes
- Basement
- No
Other Property Details
- Taxes
- $9,384
- Tax Frequency
- Annually
- Common Charges Frequency
- Monthly
Listing Courtesy of Living New York - Kevin M Seaman
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved
RLS Data display by . Data last updated on 10/5/2026 at 4:42 AM UTC
