Powers St - Apartments FOR SALE


Brooklyn, NY 11211- Williamsburg
$3,500,000 USD
718-894-8700
Powers St, Brooklyn, NY for Sale
$3,500,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

Powers St
Brooklyn, NY 11211
Williamsburg


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
  • Grand St's vibrant shopping district and amenities are nearby, with the eclectic charm of Graham Avenue just moments away.
  • there's potential to expand and create an expansive living space by connecting the first-floor front apartment with the basement.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$816 USD /SF

# OF UNITS

18

PRICE/UNIT

$194,444

CAP RATE

Request Cap Rate

% LEASED

61%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 contiguous buildings for sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,873 SF

ZONING

R7A/R6B

APN/PARCEL ID

02784-0012

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.