240 Powers Street, East Williamsburg, NY 11211

Calling all investors! A GOLDEN OPPORTUNITY to purchase a 5/6ths occupied, rent stabilized (rent roll attached) 3 story, 6 unit rent controlled apartment building built in the 1920’s , in the highly sought after area in East Williamsburg Brooklyn. There are four 1 Bedroom units, two 2 Bedroom units. 6 electric meters, 6 gas meters. The building has zero violations, hard wood floors throughout, and has been lovingly maintained and managed by current owner for multiple decades. The building was converted to natural gas in 2019 and a new furnace and hot water heater were installed at that time. 2015 saw an upgrade to the electrical system. This brick building is zoned R7A and has an FAR of 4. Being sold “AS-IS” . Williamsburg is Brooklyn’s booming epicenter with a well-deserved and worldwide reputation for being an influential hub thanks to a thriving cultural scene. Its large weekend markets include Smorgasburg, Artist expos & Flea markets The neighborhood is ideal for dining, shopping and people watching. This “JUST RIGHT” building is perfectly located 1 block parallel to Grand Street b/ Bushwick Ave & Humboldt St. Close to Kosciuszko Bridge & 1 block to the newly upgraded Grand Street subway station where catching the “L” train makes for an easy commute to lower Manhattan. Williamsburg offers convenient proximity to Manhattan via the G, L, B, M, and N subway lines. BQE is close for drivers heading East towards LI and Queens. There is 1 vacant unit. See rent roll attached. Own a piece of history and invest in your own future!