East Williamsburg Multifamily Investment
234-238 Powers Street, Brooklyn, NY 11211
MULTI_FAMILY - Brooklyn, NY
Property size:
10,500 SFLot size:
0.04 AcresPrice / SF:
$333/SF- Added:
- Jul 9, 2025
- Days on Market:
- 318
- Last Refresh:
- May 22 at 7:06 pm
Property Features for 234-238 Powers Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7A/R6B
- Rooms
- Basement
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 02784-0014
- Size
- 10,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 49925
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Oil
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 18
- Building materials
- Brick
Listing agent Sal J. Crifasi License #NY10301205163 (718) 782-4411
Listing office Crifasi Real Estate Inc 313 Graham Ave, Middle Village, NY (718) 782-4411
Listing date Jul 9, 2025
MLS# 887174
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime East Williamsburg Location: Steps from the Grand St L‑train, offering convenient access to transportation.
- Substantial Portfolio: Three adjacent, brick 6‑unit buildings (18 total units) provide immediate scale.
- Value‑Add Potential: Vacant units and under‑market rents offer significant upside.
- Classic Construction: Solid 1920s construction ensures durability.
- Balanced Unit Mix: Each building features a desirable mix of four 1‑bedroom and two 2‑bedroom apartments.
- Sizeable Footprint: Approximately 10,500 square feet on three 18.75 x 100 ft lots.
Overview
Located in East Williamsburg, Brooklyn, the properties at 234, 236, and 238 Powers St offer a portfolio opportunity. The offering consists of three adjacent, brick 6-unit buildings, totaling 18 residential units. The properties are situated steps from the Grand St L-train station. Constructed in the 1920s, the buildings offer layouts and an location. The buildings present an investment for those seeking long-term value, repositioning potential, or future redevelopment. Each property features a unit mix of four 1-bedroom apartments and two 2-bedroom units. Several units are currently rented, while others are vacant or owner-occupied. The properties offer upside through lease-up, improvements, or condo conversion strategies. Combined, the buildings span approximately 10,500 square feet and sit on three 18.75 x 100 ft lots. The properties are suited for investors or end users who are familiar with the operations, regulations, and long-term upside of rent-stabilized buildings. The properties are located in residential surroundings and close proximity to Williamsburg's retail corridors. The zoning is R7A/R6B. The lot size is 0.043 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.941561
- Latitude
- 40.712377
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three adjacent brick buildings with 18 units near Grand St L-train.
Where is this apartment building located?
The property is located at 234-238 Powers Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Prime East Williamsburg Location: Steps from the Grand St L‑train, offering convenient access to transportation.; Substantial Portfolio: Three adjacent, brick 6‑unit buildings (18 total units) provide immediate scale.; Value‑Add Potential: Vacant units and under‑market rents offer significant upside.
