$4,300,000

234-238 Powers Street, Brooklyn, NY 11211

  • 10,500 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon1,873sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $410/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Discover a rare portfolio opportunity in the heart of East Williamsburg with the sale of 234, 236, and 238 Powers St. This offering consists of three adjacent, brick 6-unit buildings — totaling 18 residential units — situated just steps from the Grand St L-train station. With their classic 1920s construction, solid layouts, and unbeatable location, these buildings present a compelling investment for those seeking long-term value, repositioning potential, or future redevelopment. Each property features a thoughtful unit mix of four spacious 1-bedroom apartments and two well-proportioned 2-bedroom units, providing a balanced blend of marketability and functionality. Several units are currently rented, while others are vacant or owner-occupied — offering significant 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. With charming residential surroundings and close proximity to Williamsburg’s thriving retail corridors, these properties are ideally suited for savvy investors or end users who are familiar with the operations, regulations, and long-term upside of rent-stabilized buildings. Whether you're looking to unlock under-market rents, stabilize long-term holdings, or explore conversion potential, 234–238 Powers St is a rare chance to acquire scale in one of Brooklyn’s most sought-after neighborhoods. All information is deemed reliable but not guaranteed and is subject to change. Buyers are encouraged to conduct their own due diligence.

Listing Status:
Active
Listing Office:
Crifasi Real Estate Inc : 718-782-4411
MLS ID:
887174
  • Basement: Bilco Door(s)CommonFullUnfinished
  • A/C: Wall/Window Unit(s)
  • Heating: Oil

This listing courtesy of Crifasi Real Estate Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Similar Listings Nearby