Brooklyn Real Estate Search

Brooklyn Properties between $3,000,000 and $4,000,000 for Sale

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Newest Brooklyn Properties between $3,000,000 and $4,000,000 for Sale

$3,500,000
12 Beds 7 Baths 1046760 MLS
**Prime Greenpoint 6-Family Investment Opportunity** An OPPORTUNITY to acquire a Mostly Renovated Six-Family Frame building in the HEART of Greenpoint, Brooklyn, one of New York City's most desirable and consistently appreciating neighborhoods. Lovingly owned and cared for by the SAME FAMILY for over 40 years, this is the FIRST time in decades that this exceptional asset has been offered for sale. The pride of ownership is evident throughout, making it a rare opportunity to acquire a building that has been meticulously maintained over generations. Built in 1931, this 3-story multifamily building sits on a 25' x 100' lot with a 25' x 60' building footprint, offering a solid investment with strong in-place income and future upside. Zoned R6B, the property is ideally positioned in one of Brooklyn's most sought-after residential neighborhoods. Currently generating $183,600 in annual gross rental income, the building has been extensively improved, with 5 of the 6 apartments Renovated, reducing immediate capital expenditures while enhancing tenant appeal. Even more attractive for investors, 3 of the 6 apartments are DEREGULATED *(becomes deregulated upon vacancy), providing immediate and long-term rental growth potential. The property also features a Full Basement with Tall Ceilings, offering Excellent Storage future possibilities (subject to applicable approvals). Annual real estate taxes are an attractive $13,608.16, contributing to a favorable operating profile. Perfectly situated on a quiet, tree-lined street just moments from Manhattan Avenue, McGolrick Park, McCarren Park, renowned restaurants, cafes, boutique shopping, and convenient G Train access, the property continues to benefit from Greenpoint's exceptional rental demand and enduring appreciation. Investment Highlights: **First time offered in over 40 years** Same family ownership for over four decades! -6-Family Frame Building -Built: 1931 -3 Stories -Building Size: 25' x 60' -Lot Size: 25' x 100' -Zoning: R6B -Annual Gross Income: $183,600 -Annual Property Taxes: $13,608.16 -5 of 6 Apartments Renovated -3 Deregulated Units -Full Basement with Tall Ceilings -Excellent current cash flow with significant long-term upside -Located in one of Brooklyn's most desirable and resilient rental markets Opportunities like this are increasingly rare. Combining decades of attentive ownership, strong existing income, renovated apartments, deregulated units, and a premier Greenpoint location, 168 Russell Street represents a true legacy investment for the next generation of ownership.

168 Russell Street, Brooklyn

$3,650,000
1043412 MLS
Turnkey 6-Family Investment Opportunity | Prime Bed-Stuy | Fully Renovated & Vacant A rare opportunity to own a beautifully renovated, fully vacant six-family property in the heart of Bed-Stuy. This approximately 4,477-square-foot multifamily building offers a compelling combination of modern finishes, spacious apartments, private outdoor space, and strong rental potential. The property features six apartments, including a desirable mix of one-, two-, and three-bedroom layouts. One first-floor unit offers an exceptional private outdoor space, while the top-floor residence features a private deck. Residents also have access to a shared rooftop, providing additional outdoor space and city views. There is also shared laundry in the building, adding to the value. Each apartment has been thoughtfully renovated with contemporary finishes and designed for today's rental market. The building is fully vacant and move-in ready, allowing a new owner the flexibility to immediately lease the apartments at market rents without the constraints of existing tenants. Property Highlights: Approximately 4,477 SF 6-family multifamily building Fully renovated 100% vacant Attractive mix of 1-, 2- and 3-bedroom units Private yard Private deck Shared rooftop Modern kitchens and bathrooms Excellent natural light Separate utility metering Strong rental upside Ideal for investors or owner-users Located in Bed-Stuy, one of Brooklyn's most established and sought-after neighborhoods, the property is close to restaurants, cafés, shops, transportation, and neighborhood amenities. With its combination of turnkey condition, vacancy, outdoor space, and diverse unit mix, this property presents an exceptional opportunity to acquire a modern Brooklyn multifamily asset with immediate income potential. A rare turnkey six-family offering with the flexibility and upside today's Brooklyn investor is looking for.

663 Macdonough Street, Brooklyn

$3,600,000
5 Beds 6 Baths 1025270 MLS
Luxury Victorian Renovated Home in the Heart of Prospect Park South Welcome to 1205 Beverly Road, a beautifully restored Victorian residence set on an oversized 50 x 100 lot in one of Brooklyn's most prestigious and historic enclaves. This exceptional home seamlessly blends timeless architectural character with a complete, high-end renovation — offering over 4,000 square feet of living space designed for both grand entertaining and comfortable everyday living. Step inside to discover a thoughtfully reimagined interior featuring a brand-new chef's kitchen with premium finishes, a gracious formal dining room perfect for hosting, and sun-filled living spaces throughout. The home offers 6 spacious bedrooms and 5.5 beautifully appointed bathrooms, providing exceptional flexibility for multi-generational living, or guest accommodations. The fully finished basement adds valuable additional living space, ideal for a recreation room, home gym, media lounge, or private guest suite. Set on a rare 50 x 100 lot in the coveted Prospect Park South Historic District, this home offers the charm of tree-lined streets, landmark architecture, and a true neighborhood feel — all just moments from Prospect Park, the Q train, and Brooklyn's vibrant dining and shopping corridors. A rare opportunity to own a fully renovated architectural gem in one of Brooklyn's most sought-after communities. 1205 Beverly Road, Brooklyn, NY 11218 7 Bedrooms | 4.5 Bathrooms | 50 x 100 Lot | 4,000+ SF | Fully Finished Basement

1205 Beverley Road, Brooklyn

$3,990,000
1012759 MLS
MYNY is proud to present an exceptional investment opportunity in the heart of Sunset Park, Brooklyn. This corner mixed-use property occupies a highly visible location at the intersection of 4th Avenue and 50th Street. Conveniently situated near Sunset Park and offering quick access to the Brooklyn-Queens Expressway (I-278), the property benefits from excellent transportation connectivity. A bus stop located directly beside the building further enhances accessibility and contributes to strong pedestrian traffic. This income-producing asset consists of four commercial units and six residential apartments, generating a gross annual rental income of $298,284 and offering an attractive 6.85% return based on a purchase price of $3,900,000. The ground floor is fully occupied by four established commercial tenants, including a restaurant, hair salon, tax office, and clothing store. All residential and commercial tenants are operating under active leases and have demonstrated a strong rent payment history. The residential component consists of six updated apartments, including three 3-bedroom units and three 2-bedroom units, all rented at market rates except the super unit. The 3-bedroom apartments enjoy beautiful water views overlooking the Bay Ridge Channel. Residents and visitors can also enjoy panoramic views from the rooftop, featuring both waterfront scenery and views of the Manhattan skyline. With its prime corner location, stable rental income, strong tenant mix, and outstanding views, this property offers significant long-term value and future upside potential for investors seeking a quality mixed-use asset in one of Brooklyn’s most vibrant neighborhoods.

5001 4th Avenue, Brooklyn

$3,500,000
1001068 MLS
Presenting our latest exclusive at the newly built 950 Flatbush Avenue, a rare mixed-use investment opportunity located in one of Brooklyn’s busiest and most established commercial corridors. This well-maintained property features five residential units plus one established retail store FREE MARKET, offering strong in-place income and long-term upside. Property Highlights Lot Size: 20' x 113.67' Building Size: 20' x 55' Zoning: R7A / C4-4A (R7A Equivalent) Stories: 3 Basement: Full walk-out basement Asking Price: $3,200,000 Residential Configuration 1 Studio Garden Apartment 2 One-Bedroom Apartments 2 Two-Bedroom Apartments Commercial Component The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month. Investment Potential Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of: Strong current cash flow Creditworthy retail tenancy Desirable residential unit mix Finished basement for additional utility Valuable mixed-use zoning with potential for future development Location Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities. This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn’s most dynamic and consistently performing investment markets.

950 Flatbush Avenue, Brooklyn

$3,580,000
7 Beds 8 Baths 978567 MLS
This is the one you’ve been waiting for — a stunning, legal three-family brick townhouse in the heart of Williamsburg that delivers incredible versatility, income potential, and lifestyle appeal all in one exceptional package. Built in 2000 and thoughtfully renovated and expanded in 2011, this modern masterpiece now spans an impressive 4,960 square feet. An upward extension added approximately 1,200 sq ft, creating a truly spacious and flexible property with outstanding long-term value. Prime Location & Lifestyle Located in Brooklyn’s premier arts-and-culture neighborhood, this home sits just three blocks from the Hewes Street M & J trains, three blocks from the Williamsburg Bridge, and seven blocks from the Lorimer Street L train. You’re surrounded by striking new construction, historic pre-war buildings, world-class dining, galleries, and everything that makes Williamsburg the most desirable neighborhood in Brooklyn. Exceptional Layout & Features: First Floor: Spacious two-bedroom, two-bathroom apartment with a huge living room and open kitchen Second Floor: Equally impressive two-bedroom, two-bathroom apartment with a huge living room and open kitchen, plus a private balcony Third & Fourth Floor Duplex: Luxurious three-bedroom, four-bathroom duplex with expansive living spaces and a private balcony Shared Rooftop: Accessed via a common hallway — perfect for entertaining, relaxing, or enjoying sweeping neighborhood views Gated Private Driveway: Rare off-street parking for up to three vehicles Fully Finished Basement: Ideal for storage, gym, home office, or additional accessory use With private balconies, generous room sizes, and thoughtful modern finishes throughout, this legal three-family home offers the perfect balance of owner-occupied living, rental income potential, or both. This is a rare chance to own a modern, income-producing property with private parking in one of New York City’s hottest markets. Properties like this do not come along often — and they never stay on the market for long. Don’t miss this extraordinary opportunity in Williamsburg. *Please note that the pictures show staged photos with virtual furniture and some extra light fixtures. Ask me for a link to a virtual tour to see 100% actual pictures.

360 S 3rd Street, Brooklyn

$3,340,000
7 Beds 7 Baths 955075 MLS
44 and 46 Decatur Street together represent a rare combined assemblage opportunity in the heart of Bedford Stuyvesant, Brooklyn. Offered directly by the owner, these two adjacent properties create a flexible and income producing package with a balanced mix of renovated residential units, private outdoor space, and a highly visible commercial storefront. The combined offering provides multiple revenue streams and long term upside in one of Brooklyn’s most stable and rapidly improving neighborhoods. 44 Decatur Street is a fully renovated townhome containing two residential units. Each unit features a two bedroom, one bathroom layout finished to a clean and consistent modern standard. Unit 1 occupies the garden and lower levels and includes hardwood floors, tall ceilings, recessed lighting, and a living area that flows naturally into an updated kitchen with stainless steel appliances and solid cabinetry. The lower level offers flexible space suitable for recreation, storage, or additional living use, and includes a washer dryer hookup. This unit enjoys exclusive access to a private rear deck and a paved garden, a valuable feature that adds meaningful outdoor living space. Unit 2 is located on the upper floors and mirrors the same renovation quality with hardwood floors, high ceilings, bright exposures, and an updated kitchen and bathroom. Both apartments are well suited for stable residential tenancy or owner occupancy. 46 Decatur Street sits directly beside 44 and adds a complementary mixed use component to the assemblage. The building contains a ground floor commercial unit, a one bedroom apartment on the second floor, and a two bedroom duplex penthouse above. The commercial space benefits from wide glass frontage with strong street presence and visibility. The interior features high ceilings, recessed lighting, and an open, flexible layout appropriate for retail, office, studio, or gallery use. A rear room provides additional functional space for office or consultation purposes, and the unit offers multiple storage closets for practical operations. Above the commercial level, the second floor holds a renovated one bedroom apartment with hardwood floors, large front windows, and a modern kitchen and bathroom. The layout is simple and efficient, making it an attractive and easily rentable residence. The top floors contain a two bedroom duplex penthouse with two full bathrooms, tall windows, and skylights that fill the space with natural light. The main level opens onto a private balcony, and the upper level provides access to a dedicated roof deck, creating exceptional private outdoor space rarely found in similar properties. The estimated monthly property taxes of $2012 cover both 44 and 46 Decatur Street and will be allocated between the two buildings, further reinforcing the efficiency of owning the properties together as a package. When combined, the assemblage delivers two renovated residential units at 44 Decatur and three income producing components at 46 Decatur, including a prime storefront and two additional apartments. This structure offers an ideal blend of residential stability and commercial exposure. Located on a quiet brownstone block close to local cafés, services, and public transportation, the properties benefit from steady neighborhood demand and strong long term appreciation trends. The assemblage is well positioned for an investor seeking diversified cash flow, or for an owner user who wants to live on site while maintaining income from adjacent units. With updated condition throughout, multiple private outdoor areas, and a mix of uses that appeal to a broad tenant base, 44 and 46 Decatur Street together present a compelling, turnkey opportunity in one of Brooklyn’s most desirable markets.

44-46 Decatur Street, Brooklyn

$3,500,000
965428 MLS
1166 Fulton Street, Brooklyn, NY 11216 Prime Mixed-use Investment property / Fully Occupied / STRONG CASH FLOW PROPERTY OVERVIEW Exceptional income-Producing mixed-use building located along one of Brooklyn's most vibrant and active commercial corridors- Fulton Street. This property features (3) spacious two-bedroom apartments and (3) spacious one-bedroom apartments also (1) huge commercial retail space on ground-floor, offering investors a well balanced and diversified income stream in a thriving and rapidly appreciating neighborhood. INVESTMENT SUMMARY Asking Price $3,500.000 current Monthly Rent Roll: $24,600 Annual Gross Income: $295,200 Current Cap Rate: Approx. 10.7% (All residential and retail units fully leased) RESIDENTIAL UNITS ARE FREE RENT MARKET . Configuration: 6 Residential Units + 1 Retail Units Zoning: Mixed-Use (Residential + Commercial) PROPERTY HIGHLIGHTS Turnkey Income Producer: Fully leased and generating immediate returns. : Strong rental demand with opportunity for future rent growth. One Established Retail Tenants: Stable, long-term businesses providing consistent cash flow. Strong In-Place Income: $295,200.000 annual rent roll with low operating expenses. Solid Brick Construction: Well-maintained structure with dependable systems and minimal maintenance needs. Low Management Burden: Ideal for passive investors or 1031 exchange buyers or Owner -users looking to add a solid income-producing asset in a growing neighborhood. LOCATION ADVANTAGE Situated along Fulton Street, one of Brooklyn’s most historic and continuously developing retail arteries, this property benefits from exceptional visibility, heavy foot traffic, and easy transit access. Near A, C, subway lines and multiple MTA bus routes. Surrounded by retail, dining, schools, and residential density driving strong tenant retention. Minutes from key neighborhood hubs, community developments, and new mixed-use projects that continue to elevate property values. High-demand rental area offering long-term appreciation and sustained occupancy. INVESTMENT OUTLOOK With NYC’s rental market at record highs and Brooklyn’s mixed-use assets in constant demand, 1166 Fulton Street presents a rare opportunity to secure a performing, high-yield property in an established yet upward-trending corridor. This asset delivers: Immediate Cash Flow from day one. Strong Long-Term Growth Potential through rent appreciation. Diversified Stability across residential and retail income streams. Whether expanding your Brooklyn portfolio or seeking a secure 1031 exchange replacement property, this investment combines cash flow, stability, and location — the core fundamentals of any high-performing NYC asset. SUMMARY A true Brooklyn investment gem offering both income and upside — fully occupied, established commercial tenants, and prime location within a dynamic retail corridor. 1166 Fulton Street stands as a testament to enduring value and urban opportunity — an investment built for today’s returns and tomorrow’s appreciation.

1166 Fulton Street, Brooklyn

$3,500,000
960967 MLS
Welcome to 584 Sterling Place, a classic three-family townhouse nestled on a picturesque, tree-lined block in the heart of Prospect Heights, Brooklyn. Blending original architectural charm with flexible living and income potential, this expansive residence offers a rare opportunity for investors. Spanning approximately 3,840 square feet, the property is configured with three residences, offering privacy, space, and strong rental demand. All units feature separate gas and electric meters and steam heat, providing efficient, independent operation. This triplex is open, airy, and wide, featuring hardwood floors, high ceilings, and Original formal layout. The garden level offers large living and dining area that flows seamlessly to a bedroom, with views of a backyard exceptional and rarely found outdoor retreat in central Brooklyn, ideal for entertaining, gardening, or relaxing. The upper floors include a spacious two-bedroom apartment along with two studio/office spaces, creating great potential while maintaining flexibility for work-from-home or supplemental use. The separate-entrance basement provides valuable storage and everyday practicality. Set moments from Prospect Park, the Brooklyn Botanic Garden, Grand Army Plaza, and major cultural institutions such as the Brooklyn Museum and Brooklyn Public Library, the location is second to none. Enjoy neighborhood favorites including Radio Bakery, Sofreh, Alta Calidad, Chuko, Wayward Fare, and the vibrant dining and shopping corridors of Vanderbilt and Washington Avenues. Commuting is effortless with access to the 2, 3, 4, 5, B, D, N, Q, and R subway lines at Atlantic Terminal, as well as proximity to Barclays Center, Downtown Brooklyn, and Manhattan’s Financial District.With generous outdoor space, a flexible three-family layout, and a coveted Prospect Heights address, 584 Sterling Place presents a compelling opportunity to live stylishly while generating consistent rental income in a classic Brooklyn townhouse.

584 Sterling Place, Brooklyn

$3,399,000
5 Baths 938797 MLS
Welcome to 308 Clifton Place, a renovated townhouse nestled in the vibrant neighborhood of Bedford-Stuyvesant, Brooklyn. This expansive residence, featuring 5 bedrooms and 4.5 bathrooms offers approximately 5,000 square feet of living space, creating opportunity for a dynamic lifestyle. Stepping inside, you'll be welcomed by a graceful vestibule that leads to a stunning open floor plan accentuated by high ceilings and an elegant flow throughout. Designed with gatherings in mind, the parlor level boasts a chef's kitchen, complete with high-end stainless steel appliances, sleek Calacatta and Carrara marble countertops, and custom cabinetry. The generous island, with built-in storage, acts as the heart of the space, optimal for hosting culinary adventures or relaxed evenings with friends. Comfortable and inviting, the living and dining areas are bathed in natural light, adorned with exposed brick walls, adding historic charm and sophistication, along with wide plank hardwood floors and refined lighting. Enjoy the seamless extension to the outdoors with a spacious deck, a quaint gathering space for dining al fresco, along with a lower level, spacious yard.Upstairs, the spacious primary en-suite includes a decorative fireplace, walk-in closet, and a luxurious marble bath with brass fixtures and a freestanding claw-foot soaking tub. This floor also has an additional Jr. ensuite bedroom along with the washer and dryer located in the hallway for modern convenience. The top floor is bright and versatile, with two bedrooms and a full bath, as well as a spacious bonus room offering flexibility for a home office, studio, or recreation room. In addition, the roof top deck provides open views and a quaint space to relax. All guest baths are well appointed with premium stonework and gold accent fixtures. The garden floor, equipped as a second living option, boasts a beautiful kitchen, dining room, bedroom, office with access to backyard, and a full bath. The spiral staircase leads to the finished cellar level with a spacious lounge, laundry, and additional storage space. Beyond the property, explore the welcoming tree-lined neighborhood of Bedford-Stuyvesant, renowned for its cultural richness and eateries, brimming with cozy cafes and eclectic dining options. Enjoy weekends at Herbert Von King Park, where peaceful green spaces await-a delightful retreat in the urban landscape. Plus, the Bedford-Nostrand stop on the 'G' line is conveniently located around the corner, offering seamless connectivity to the rest of the city. Tours by appointment only. This listing may include images that have been digitally altered or virtually staged. Original, unedited images are available upon request.

308 Clifton Place, Brooklyn

$3,300,000
928426 MLS
Brooklyn Development Assemblage — Up to 28,000 Buildable Square Feet 2258 Atlantic Avenue, 185 Rockaway Avenue, 187 Rochester Avenue, 189 Rockaway Avenue & 189A Rockaway Avenue, Brooklyn, NY Prime Realty is proud to present an exceptional development opportunity in the heart of Brooklyn, consisting of five contiguous tax lots strategically positioned at the corner of Atlantic Avenue, Rockaway Avenue, and Rochester Avenue. Together, these parcels create a uniquely shaped development footprint with substantial street frontage and outstanding exposure along one of Brooklyn’s most active redevelopment corridors. Property Overview: This assemblage provides a total potential of approximately 28,000 buildable square feet, offering flexibility for a variety of mixed-use, residential rental, condominium, or community facility projects. The site’s zoning and location allow for creative architectural design, with opportunities to incorporate ground-floor retail and modern residential units above, taking full advantage of the site’s high visibility and accessibility. Strategic Location: Located just minutes from Broadway Junction, one of New York City’s most significant transportation hubs, the site is ideally positioned for both residents and businesses. Multiple subway lines — including the A, C, J, L, and Z trains — connect the property directly to Downtown Brooklyn, Lower Manhattan, and Queens, making it an extremely convenient location for commuters and tenants alike. The property also benefits from proximity to major roadways such as Atlantic Avenue, Eastern Parkway, and the Jackie Robinson Parkway, providing quick vehicular access throughout the boroughs. The surrounding neighborhood continues to see strong momentum with new residential developments, retail growth, and infrastructure improvements, signaling sustained long-term demand and appreciation. Neighborhood Transformation: Over the past few years, Ocean Hill and Bedford-Stuyvesant have evolved into some of Brooklyn’s most active development zones. The corridor surrounding Atlantic Avenue and Rockaway Avenue has seen a steady influx of boutique rental buildings, renovated brownstones, creative offices, and new community spaces. The area’s mix of cultural vibrancy, accessibility, and affordability continues to attract young professionals, families, and investors seeking growth potential in a rapidly changing Brooklyn landscape. Investment Highlights:Assemblage of five contiguous lots with multiple street frontages. Up to ~28,000 buildable square feet (verify zoning and FAR). Located along a major commercial thoroughfare with consistent foot and vehicle traffic. Ideal for mixed-use residential and retail development. Steps from multiple subway lines and bus routes. Minutes to Broadway Junction, a major transportation interchange. Surrounded by ongoing new developments and local retail revitalization. Excellent long-term growth potential in an emerging Brooklyn corridor. Summary: This is a rare chance to acquire a sizable development footprint in a prime Brooklyn location poised for continued appreciation. With its excellent transit access, strong retail presence, and flexible zoning, 2258 Atlantic Avenue and its adjoining parcels represent a true opportunity to build a high-impact project that meets the needs of Brooklyn’s growing residential and commercial market.

2258 Atlantic Avenue, Brooklyn

$3,990,000
887843 MLS
Prime Sunset Park Commercial Condo with Stable Tenant & 6.91% Cap Rate — Optional Parking Available Located in the heart of Brooklyn’s thriving 8th Avenue corridor, this two-level commercial condominium offers investors a rare opportunity to acquire a high-yield, low-maintenance asset with a long-term tenant in place. Currently leased to a well-established daycare center, the property generates a strong 6.91% cap rate—more than double the average return of nearby properties in the area. The unit (1A) spans approximately 4,785 square feet across two floors. The ground level features three classrooms, an administrative office, and two restrooms. The second level offers two additional classrooms, two restrooms, a full kitchen, a storage room, and a spacious outdoor playground located on the second-floor terrace. Each classroom is equipped with split-unit air conditioning, and ceiling heights throughout are approximately 8 to 8.5 feet. A separately deeded parking space is also available for purchase. Monthly common charges and floor plans are available upon request. The property is being sold with a long-term lease in place, providing steady income from a stable, established tenant. Situated in one of Brooklyn’s most active commercial districts, the property benefits from strong local demand and excellent accessibility. The N train is just short distance away, and multiple bus lines serve the area. With strong neighborhood demand, excellent visibility, and a long-term tenant in place, this is an ideal opportunity for investors seeking steady cash flow in a prime location.

880 60th Street Unit #1A, Brooklyn

$3,250,000
886813 MLS
Prime Development Opportunity in Bedford-Stuyvesant, Brooklyn Location: - Intersection of Howard Avenue and Fulton Street - Strategically positioned corner property with immense growth and development potential Zoning: - Exceptional R7D zoning with C2-4 commercial overlay - Allows for nearly 17,000 buildable square feet **** Building Dimensions: - 20 feet by 48 feet - Lot size: 40 x 100 feet - Existing structure: Walk-up apartment building with 5 families and commercial spaces Property Features: - Distinct Buildings on Lot: 1. 275 Howard Avenue - 3-bedroom, 2-bath single-family home - Wood floors, 1 kitchen, no basement 2. 271-273 Howard Avenue - Commercial space currently used by a shipping company 3. 1986 Fulton Street - 3 story building with commercial storefront with full basement 4. 1988 Fulton Street - 3-story walk-up building - Lower level: Commercial space - Upper floors: 2 floors of SRO with 10 rooms, 2 kitchens, 2 full bathrooms, and 2 half bathrooms on each floor Current Commercial Units: - Three commercial units Potential Development Opportunities: - Condo or rental units, capitalizing on growing demand - Expanding residential units for an increasing population - Enhancing commercial offerings for the local community - Exploring mixed-use developments combining retail and residential living Market Potential:** - Unique chance for developers to capitalize on the growing demand for residential and commercial spaces in Bedford-Stuyvesant - Area experiencing substantial growth, ideal for innovative development projects - 1986-88 Fulton Street and Howard Avenue serve as a gateway to future growth in a vibrant neighborhood Investment Appeal: - Compelling opportunity for investors and developers to impact an area poised for transformation - Corner site is rare, making this opportunity particularly valuable - Option for a community facility component adds further appeal - Property will be delivered vacant

275 Howard Avenue, Brooklyn

$3,500,000
887174 MLS
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.

234-238 Powers Street, Brooklyn

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.