New Listing128 N 1st Street,Brooklyn, NY 11249
Brooklyn, NY 11249
Description
Rare opportunity to acquire a five-family property in one of Brooklyn's most sought-after and supply-constrained neighborhoods. Ideally situated in desirable Williamsburg, this property offers a versatile unit mix of four two-bedroom apartments and one three-bedroom apartment investment opportunity in a high-demand market boasting 3,750 sqft.The property also features a full, finished basement. The five-unit configuration and generous bedroom count offer a strong foundation for both seasoned investors and those seeking to establish a foothold in one of Brooklyn's most dynamic neighborhoods. Williamsburg continues to benefit from strong residential demand, fueled by its vibrant dining, shopping, arts, waterfront, and entertainment scene, along with convenient access to Manhattan and multiple transportation options. With limited opportunities to acquire multifamily properties in this established and highly desirable area, this offering presents an opportunity to own a substantial residential asset in a neighborhood where demand remains strong. Property is being offered and sold AS IS. Buyers are encouraged to conduct their own due diligence regarding zoning, legal use, building records, taxes, expenses, leases, rents, and all other property-related matters. An exceptional opportunity to acquire a five-family property in prime Williamsburg with the potential to create long-term value in a highly competitive Brooklyn market.
Details
| MLS # | 1041921 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 3 |
| Listing Provided By | Douglas Elliman Real Estate | Joshua Mohamed |
Features
| SQ Feet | 3,750 |
|---|---|
| Basement | Y |
| Units | 5 |
| Zoning | R6B |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Frame |
|---|
Parking
| Parking Features | On Street, Open |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 969750 |
| Tax Annual Amount | 7417.04 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11249 |
| School District | Brooklyn Prep High School |
| Elementary School | Ps 84 Jose De Diego |
| High School | Brooklyn Prep High School |
| Listing VS Median (in 11249) | |
Price: $3,999,000 low | high Med: $1,674,450 sqft: 3,750 low | high Med: 1,361 $ / sqft: $1,066 low | high Med: $1,231 On site: 3 low | high Med: 604 | |
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11249 |
| School District | Brooklyn Prep High School |
| Elementary School | Ps 84 Jose De Diego |
| High School | Brooklyn Prep High School |
| Listing VS Median (in 11249) | |
Price: $3,999,000 low | high Med: $1,674,450 sqft: 3,750 low | high Med: 1,361 $ / sqft: $1,066 low | high Med: $1,231 On site: 3 low | high Med: 604 | |
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