$3,150,000
Updated 3 months ago
Sold

175 Richardson Street

East Williamsburg, Brooklyn | Graham Ave & Humboldt Street

11 Rooms4 Beds6 Baths4,695 Square FeetMixed Use

$3,150,000
floors / apts5 / 19
Lot Size24'x70'
Built Size20'x58'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,592
Price Per SF
$671

This property was sold for $3,150,000 on 05/21/26.

Outdoor space and views

  • Balcony
  • Terrace

Property Description for 175 Richardson Street

Exclusive Investment Opportunity in Prime Williamsburg Welcome to 175 Richardson Street—a brand new construction, exceptional investment opportunity nestled in the heart of Williamsburg, Brooklyn. This boutique, multi-story gem is a perfect blend of stability, tenant appeal, and prime location, making it a standout addition to any portfolio. Featuring two free-market residential rental units and one retail space, this fully occupied property delivers immediate, steady cash flow with potential for growth as leases renew. Above the commercial space are two stylish residential apartments: spacious bedrooms, a sunlit living room, a sleek chef’s kitchen, and a roomy living area. Both units include private outdoor spaces, perfect for unwinding in the heart of the city. With low operating expenses, this property achieves a solid 6.6% cap rate based on projected 2026 rents at the current asking price. Nestled in one of Brooklyn’s hottest rental markets, 175 Richardson Street combines unbeatable lifestyle perks with solid investment appeal. Steps from McCarren Park, trendy shops, vibrant dining, and excellent transit, it guarantees convenience and consistent renter demand. Perfect for a 1031 exchange or as a long-term income asset, this property offers both stability and growth potential. Seize the chance to own a piece of Williamsburg’s thriving real estate market!

Listing History for 175 Richardson Street

Now
05/21/2026
$3,150,000
Sold and Closed by Christine Blackburn
Compass
01/30/2026
Contract Signed by Christine Blackburn
Compass

Building Details for 175 Richardson Street

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built1960
Floors/Apts5/19
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.31 miles
Lorimer St
0.47 miles

Citi Bike

Graham Ave & Herbert St
0.05 miles
Richardson St & N Henry St
0.1 miles

Contact Agents

Contact Agents

Lior Barak
Compass

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: 104436TH