252 Skillman Avenue 252 Skillman Ave 3 Unit Apartment Building $3,250,000 ($1,083,333/Unit) 2.80% Cap Rate Brooklyn, NY 11211

Marcus & Millichap is pleased to present 252 Skillman Avenue, a rare boutique free-market townhouse opportunity tucked into one of Williamsburg’s most charming residential corridors. Perfectly positioned between Woodpoint Road and Kingsland Avenue, the Property offers both stability and possibility—a blank canvas for end-users, investors, or those seeking to craft a bespoke residence in one of Brooklyn’s most coveted neighborhoods.


Built 20’ x 35’ on a 28’ wide lot, the building spans approximately 2,100 SF across three full-floor two-bedroom apartments, all delivered completely vacant, allowing an incoming owner unparalleled flexibility. With R6A zoning and 3,810 SF of additional unused air rights, the Property presents multiple pathways for tailored value creation.


For the end-user, 252 Skillman offers the extraordinary opportunity to convert the structure into a custom single-family townhouse, a grand owner’s duplex with an income-producing rental, or a multi-level modern home expanded upward through a vertical addition. The existing layouts—with full-floor proportions, generous front-to-back light, and clean configurations—lend themselves naturally to townhouse living, creative reimagination, or upscale contemporary design.


Investors may choose to maintain the Property as a boutique multifamily, benefiting from immediate lease-up potential in one of the strongest rental submarkets in New York City. Market rents of roughly $4,000 per unit deliver steady cash flow with minimal operational intensity thanks to the building’s Class 1 tax status and extremely low annual taxes of just $5,051—a significant long-term advantage over larger multifamily assets.


The Property also provides rare convenience with direct access to the adjacent parking lot, an amenity seldom available in this part of Williamsburg and highly valuable for both residents and future townhouse occupants.


Whether envisioned as a refined private home, a long-term hold with substantial rental upside, or a boutique expansion project, 252 Skillman Avenue offers a level of optionality uncommon at this scale.


Surrounded by acclaimed restaurants, neighborhood boutiques, artisanal cafés, creative studios, and the magnetic energy of McCarren Park, the Property sits at the center of Williamsburg’s lifestyle ecosystem. Exceptional proximity to the L train, Citi Bike, multiple bus lines, and direct connectors to Greenpoint, Bushwick, and Manhattan ensures seamless mobility for both residents and future end-user occupants.


252 Skillman Avenue represents a rare combination of approachable scale, stable economics, and end-user potential—an opportunity to craft a custom residence, establish a live-plus-income footprint, or build upward into additional square footage in one of Brooklyn’s most in-demand neighborhoods.


• Prime Williamsburg Free-Market Townhome or Multifamily Opportunity
• 2,100 SF Existing + 3,810 SF of Additional Development Rights (R6A | FAR 3.0)
• Delivered 100% Vacant – Immediate lease-up or seamless conversion
• Ideal Townhome Creation – Perfect for single-family, duplex + rental, or expanded luxury residence
• Boutique Scale: Three full-floor 2BR layouts with strong natural light
• Ultra-Low Taxes: $5,051 annually | Protected Tax Class 1
• Access to Adjacent Parking Lot – Rare amenity for end-users
• Strong Rental Upside: Market rents approx. $4,000 per unit
• Located near premier Williamsburg dining, retail, McCarren Park, and L train