Check Availability
$2,375,000
↓ $210K (8.1%)
Multifamily - For Sale

234 Powers Street #6

Williamsburg, NY 11211
bedrooms
8 Beds
bathrooms
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
Sal Crifasi
Crifasi Realty Associates Inc
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
-
Multifamily
16 Beds
9 Baths
-
$2,120,000 Feb 9, 2022
$2,120,000 Aug 23, 2022
$926/mo
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
-
Multifamily
11 Beds
6 Baths
-
$2,250,000 Sep 3, 2019
$2,250,000 Jan 13, 2020
$1,096/mo
Townhouse
8 Beds
6 Baths
-
$2,585,000 Oct 6, 2023
-
$1,167/mo
Multifamily
5 Beds
2 Baths
-
$2,249,000 Oct 28, 2023
-
$398/mo
Multifamily
5 Beds
2 Baths
-
$2,500,000 Apr 2, 2024
-
$328/mo
Multifamily
5 Beds
3 Baths
-
$2,800,000 Sep 12, 2023
-
$327/mo
In Contract
Multifamily
6 Beds
6 Baths
-
$2,700,000 Aug 24, 2023
-
$678/mo
Multifamily
14 Beds
8 Baths
-
$2,350,000 Aug 11, 2021
-
$959/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
More about this Building
234 Powers Street
Want to find out who owns 234 Powers Street, Brooklyn, NY 11211? Get detailed property transactions here .

About Northern Brooklyn


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