$2,200,000
234 Powers Street Brooklyn, NY 11211
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Listing Courtesy of Crifasi Realty Associates Inc
$2,200,000
Est. payment /mo
8 BD
6 BA
Active
234 Powers Street Brooklyn, NY 11211
UPDATED:
11/27/2024 10:31 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Williamsburg
MLS Listing ID RLMX-98726
Style Prewar
Bedrooms 8
Full Baths 6
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $14,004
Property Description
Nestled in the charming East Williamsburg section of Brooklyn, this sturdy 6-unit BRICK building at 234 Powers St presents a unique investment opportunity. Built in 1920, this walk-up apartment building boasts a solid construction with a width of 18.33 feet and a length of 78 feet, maximizing its use of space without any additional square footage. Location-wise, it's 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, ensuring accessibility for all. Grand St's vibrant shopping district and amenities are nearby, with the eclectic charm of Graham Avenue just moments away. The unit composition of this property is appealing, featuring four well-proportioned 1-bedroom apartments and two spacious 2-bedroom units, none of which are railroad style, ensuring comfortable living spaces. While the first-floor rear apartment is currently occupied, it is being sold with the current tenant in place as a rent-stabilized unit, generating a steady income of approximately $1,600 per month. Additionally, there's potential to expand and create an expansive living space by connecting the first-floor front apartment with the basement, offering direct access to the backyard and courtyard. With the second and third floors currently vacant, the canvas is open for your vision. The total space, excluding the basement, spans approximately 3,500 sqft. This building presents an excellent opportunity for a condo conversion without the need for ground-up construction, making it an appealing prospect for savvy investors, developers, and individuals looking for a welcoming place to call home. Its solid brick construction, combined with its prime location, sets the stage for a promising investment venture or a comfortable living experience in one of Brooklyn's most sought-after neighborhoods. Don't miss your chance to explore the potential of 234 Powers St. Whether you're interested in immediate rental income, envisioning a condo conversion project, or seeking a new home, this building offers the versatility and location to turn your real estate aspirations into reality.
Location
State NY
County Kings
Interior
Heating None
Furnishings Unfurnished
Fireplace No
Laundry Building None, None
Exterior
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
New Construction No
Others
Ownership None
Monthly Total Fees $1, 167
Pets Description Building No, No
RLS Data display by Coastal Property Advisors
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