$2,000,000
Updated 2 years ago
Off Market

188 Powers Street

East Williamsburg, Brooklyn | Graham Ave & Humboldt Street

8 Rooms3 Beds2 Baths2,280 Square FeetMulti-Family

$2,000,000
floors / apts3 / 2
Lot Size19'x75'
Built Size18'8"x40'
ZoneR6B
Building TypeHouse
RE Taxes$4,000
Price Per SF
$877

Property Description for 188 Powers Street

An amazing opportunity to own a very unique property located in the coveted area of Williamsburg, Brooklyn. This unique property built on a 19'x75' lot. The property features a full basement along with 2 separate gas and electric meters. The first unit is Duplex. First floor features a living room, a kitchen, 1 full bathroom, and 1 dining room. The second level features 2 large bedrooms. The third level is a second unit which features Kitchen-dining room Combo, 1-Living Room, and 1-bedroom. FOR DEVELOPERS, the building sits on a 19'x75' lot in R6B zoning (FAR of 2) for a total 2,850 buildable square feet in an area getting $1500/SF for condos & $80/SF for rentals (please verify with architecture). The property is located 2 blocks away from the Graham Avenue L Subway which offers for a quick commute to Manhattan (Union Square) just minutes away. Short distance to countless restaurants, cafes and shopping destinations such as Mesa Coyacan, Reclamation Bar, IL Passatore, Claudia's by C.Lo Caf, among others. McCarren Park, Cooper Park, and Saturday Farmer's Market are also just a stone throw away.

Listing History for 188 Powers Street

Now
09/04/2024
POM by Kevin Lam
Momentum Real Estate
06/19/2024
$2,000,000 [-$100,000] [4.8%]
Price Drop by Kevin Lam
Momentum Real Estate

Building Details for 188 Powers Street

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.14 miles
Graham Av
0.16 miles
Montrose Av
0.37 miles
Lorimer St
0.38 miles
Metropolitan Av
0.42 miles

Citi Bike

Graham Ave & Grand St
0.05 miles
Bushwick Ave & Powers St
0.12 miles

Contact Agents

Contact Agents

Kevin Lam
Momentum Real Estate
Ronald Chui
Momentum Real Estate

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 94014TH