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Six-Unit Multifamily Building
For Sale
$950,000
Pending

417 Menahan Street, Brooklyn, NY 11237

Commercial Sale, Brooklyn, NY

Property SizeContact for details
Lot Size0.04 Acres
Days on Market142

Property Features for 417 Menahan Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6
Rooms Basement
Parking features On Street
Basement Full
Standard status Pending
APN 03312-0040
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3237

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric
Water source Public

Building Details

Year built 1931
Floors in Building 3
Number of units 6
Building materials Brick
Listing Agency: Voro LLC
Listed By: Shahroz A. Syed
Added: Apr 4 Changed: Aug 19 Last Checked: Aug 23 at 2:06AM
MLS# 980621

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.

Investment Insights

Based on property information with market context.

This well-maintained six-unit multifamily building is located at 417 Menahan Street, Brooklyn, NY 11237. The property includes a mix of rent-stabilized and free-market apartments, with three units currently rent-stabilized with long-term tenants and three units operating as free-market units. The building is reported to be in overall good condition and properly maintained. The offering also includes three units to be delivered vacant, providing an immediate opportunity to rent those units upon turnover. The property is being sold AS-IS, and buyers should conduct their own due diligence, including verification of any interior configuration or optimization possibilities and any required approvals.

Zoned R6, the building is described as being conveniently located near public transportation, shopping, and neighborhood amenities in Bushwick, Brooklyn. The seller’s marketing materials indicate the asset is in the heart of the neighborhood, with access to surrounding day-to-day retail and commuter options.

For investors or owner-occupants seeking a small-balance, income-producing property, the mix of rent-stabilized and free-market units can support a diversified in-place rental profile. The delivery of three vacant units may be particularly useful for buyers planning to re-tenant those apartments and align rents through the normal turnover process. Any additional interior reconfiguration or optimization is noted as potentially available but would require purchaser verification and appropriate approvals.

Key Highlights

  • Well‑maintained six‑unit multifamily building in the heart of Bushwick, Brooklyn.
  • Three (3) units delivered vacant, offering immediate income optimization and repositioning at market rents.
  • Desirable mix of rent‑stabilized and free‑market apartments provides both in‑place cash flow and upside potential.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,833
Businesses Nearby

Demographics for 11237, NY

49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units in good condition; zoning R6 with three units delivered vacant upon sale.
Where is this apartment building located?
The property is located at 417 Menahan Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Well‑maintained six‑unit multifamily building in the heart of Bushwick, Brooklyn.; Three (3) units delivered vacant, offering immediate income optimization and repositioning at market rents.; Desirable mix of rent‑stabilized and free‑market apartments provides both in‑place cash flow and upside potential.
More about this property
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