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3 contiguous buildings for sale Powers St 18 Unit Apartment Building $3,500,000 ($194,444/Unit) Brooklyn, NY 11211
INVESTMENT HIGHLIGHTS
- 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
- there's potential to expand and create an expansive living space by connecting the first-floor front apartment with the basement.
- Grand St's vibrant shopping district and amenities are nearby, with the eclectic charm of Graham Avenue just moments away.
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$341,205
|
$79.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$341,205
|
$79.53
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $341,205 |
| Annual Per SF | $79.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $341,205 |
| Annual Per SF | $79.53 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $3,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $194,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Sale Condition | High Vacancy Property | Building Size | 10,500 SF |
| No. Units | 18 | Average Occupancy | 61% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R7A/R6B - Medium density residential district | ||
| Price | $3,500,000 |
| Price Per Unit | $194,444 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 10,500 SF |
| Average Occupancy | 61% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R7A/R6B - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 1+1 | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (95)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 02784-0012 | Improvements Assessment | $741,600 |
| Land Assessment | $10,350 | Total Assessment | $751,950 |
PROPERTY TAXES
Parcel Number
02784-0012
Land Assessment
$10,350
Improvements Assessment
$741,600
Total Assessment
$751,950
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3 contiguous buildings for sale | Powers St
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