www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24542102
24542101

234-238 Powers St, Brooklyn, NY 11211

SC
NY10301205163
Crifasi Real Estate Inc
Listed by Crifasi Real Estate Inc
$3,500,000
964 days on market
Updated 57 days ago

234-238 Powers Street, Brooklyn, NY 11211

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,500
Net Rentable (SqFt) 10,500
Units 18
Cap Rate 6.99%
NOI $244,788
Occupancy 61%
Price per SqFt $333
Class C
Year Built 1920
Buildings 3
Stories 3
Lot Size (SqFt) 5,625
Zoning R7A, R6B
Investment Type Stabilized

7 vacant units in prime Williamsburg, Brooklyn!

Marketing 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.

Investment highlights

Excellent opportunity to reposition this asset by relocating existing tenants into the mostly vacant building after renovations. With the ability to update and/or consolidate units, a buyer can transform the property into a well-maintained, stabilized investment with significant long-term upside. Ideal for investors looking to add value through capital improvements and strategic tenant placement.

Listing Contacts

SC
NY10301205163
Crifasi Real Estate Inc
Listed by Crifasi Real Estate Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$244,788.00
$20,399.00/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591