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Map
$2,375,000
↓ $210K (8.1%)
●
Multifamily -
For Sale
234 Powers Street #6
Williamsburg, NY 11211
8 Beds
6 Baths
$12,829
Estimated Monthly
$0
HOA / Fees
9.52%
Cap Rate
About This Property
Nestled in the charming East Williamsburg section of Brooklyn, this
sturdy 6-unit BRICK building presents a unique investment
opportunity. Built in 1920, this walk-up apartment building boasts
a solid construction with a width of 18.33 feet and a length of 78
feet, maximizing its use of space without any additional square
footage. Location-wise, it's an urban dweller's dream, situated
just half a block from the Grand St L-train entrance, which now
features a brand-new elevator for added convenience, ensuring
accessibility for all. Grand St's vibrant shopping district and
amenities are nearby, with the eclectic charm of Graham Avenue just
moments away. The unit composition of this property is
appealing, featuring four well-proportioned 1-bedroom apartments
and two spacious 2-bedroom units, none of which are railroad style,
ensuring comfortable living spaces. While the first-floor rear
apartment is currently occupied, it is being sold with the current
tenant in place as a rent-stabilized unit, generating a steady
income of approximately $1,600 per month. Additionally, there's
potential to expand and create an expansive living space by
connecting the first-floor front apartment with the basement,
offering direct access to the backyard and courtyard. With
the second and third floors currently vacant, the canvas is open
for your vision. The total space, excluding the basement, spans
approximately 3,500 sqft. This building presents an excellent
opportunity for a condo conversion without the need for ground-up
construction, making it an appealing prospect for savvy investors,
developers, and individuals looking for a welcoming place to call
home. Its solid brick construction, combined with its prime
location, sets the stage for a promising investment venture or a
comfortable living experience in one of Brooklyn's most
sought-after neighborhoods. Don't miss your chance to explore
this potential. Whether you're interested in immediate rental
income, envisioning a condo conversion project, or seeking a new
home, this building offers the versatility and location to turn
your real estate aspirations into reality.
Unit Size
-
Days on Market
210 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,167
HOA Dues
-
Year Built
1920
Listed By
Last updated: 15 days ago (OneKey MLS #ONE3509077)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 19, 2024 | Price Decreased |
$2,375,000
↓ $210K
(8.1%)
|
|
Price Decreased | |||
Jan 6, 2024 | Price Decreased |
$2,585,000
↓ $15K
(0.6%)
|
|
Price Decreased | |||
Oct 6, 2023 | Listed by Crifasi Real Estate Inc | $2,600,000 | |
Listed by Crifasi Real Estate Inc |
Property Highlights
Air Conditioning
Parking Details
Parking Features: None
Interior Details
Bathroom Information
Full Bathrooms: 6
Interior Information
Interior Features: Private Roof
Room 1
Level: Other
Type: n/a
Room Information
Rooms: 20
Basement Information
Basement: Full, Unfinished
Exterior Details
Property Information
Architectual Style: Other
Property Type: Residential Income
Property Sub Type: Multi Family
Year Built: 1920
Building Information
Levels: Three Or More
Building Area Units: Square Feet
Construction Methods: Brick
Lot Information
Lot Features: Near Public Transit
Lot Size Acres: 0.04
Lot Size Square Feet: 1875
Lot Size Dimensions: 18.75x100
Land Information
Water Source: Public
Water Source: On Demand
Financial Details
Tax Annual Amount: $14,004
Utilities Details
Cooling: Yes
Cooling: Window Unit(s)
Heating: Oil, Hot Water, Steam
Sewer : Public Sewer
Location Details
Directions: google.com
County or Parish: Brooklyn
Other Details
Selling Agency Compensation: 2
On Market Date: 2023-10-06
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
8
Beds
4
Baths
4,000 ft²
$644/ft²
$2,575,000
Apr 25, 2019
$2,575,000
Jul 31, 2019
-
Sold
Multifamily
16
Beds
9
Baths
-
$2,120,000
Feb 9, 2022
$2,120,000
Aug 23, 2022
$926/mo
Sold
Multifamily
12
Beds
6
Baths
-
$1,950,000
Nov 24, 2020
$1,950,000
Oct 5, 2021
$1,118/mo
Multifamily
4
Beds
3
Baths
1,568 ft²
$1,594/ft²
$2,500,000
Aug 15, 2022
$2,500,000
Jun 1, 2023
-
Townhouse
7
Beds
3
Baths
3,725 ft²
$617/ft²
$2,300,000
Sep 16, 2021
$2,300,000
Apr 18, 2022
-
Sold
Multifamily
11
Beds
6
Baths
-
$2,250,000
Sep 3, 2019
$2,250,000
Jan 13, 2020
$1,096/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
234 Powers Street
234 Powers Street, Brooklyn, NY 11211
- 6 Units
- 2 Units for Sale