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$2,343,333
List Price: $2,375,000
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234 Powers Street
Townhouse in Williamsburg •  building info
8bd • 6ba
Buy with Yoreevo

$2,343,333

List Price

$2,375,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
26
Last price change
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Estimated payment
$14,677
Taxes
$1,167
Monthly maintenance
N/A
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.

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Important Stuff
Pets allowed
History
What it'll cost
Purchase price
$2,375,000
Asking Price: $2,375,000
Term
30 Years
Down Payment
$237,000 (10%)
Min: 10% (237,000)
Rate
6.5 %
Mortgage Amount
$2,137,500
Mortgage Payment
$13,510
Taxes
$1,167
Estimated Yoreevo rebate
$31,667
Estimated closing cost
$87,000
Total monthly cost $14,677
Buy your dream home with us and get an estimated
$31,667 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Crifasi Realty Associates Inc

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