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$950,000
417 Menahan Street, Brooklyn, NY, 11237
Well-maintained six-unit multifamily building located in the heart of Bushwick, Brooklyn. The property consists of six (6) residential units with a desirable mix of rent-stabilized and free-market apartments. Three (3) units are currently rent-stabilized with long-term tenants at approximately $790/month, while three (3) units are free-market, generating rents of $2,600+.
The building is in overall good condition and has been properly maintained. Three (3) units will be delivered vacant, offering immediate opportunity for income optimization and repositioning at market rents. This creates a strong value-add component for investors seeking both in-place cash flow and upside potential.
Zoned R6. Additional interior reconfiguration or optimization potential may exist, subject to purchaser’s independent verification and required approvals.
Conveniently located near public transportation, shopping, and neighborhood amenities. Property to be delivered AS-IS. Buyer to perform their own due diligence. All information deemed reliable but not guaranteed.
Offered By
Shahroz A. Syed, Keller Williams Landmark II
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
Multi Family
MLS #
980621
Heating
Natural Gas
Cooling
Electric
Utility Features
Electricity Available, Natural Gas Available
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1931
Basement
Full
Parking Features
On Street
CITY
Brooklyn
COUNTY
Kings (Brooklyn)
STATE
NY
TAX AMOUNT
3236.92
LATEST UPDATE
2026-06-03T21:21:20.600Z
DAYS ON MARKET
54
PRICE CHANGE(S)
$950,000 Jun 3, 2026
$899,999 Apr 14, 2026
$949,999 Apr 11, 2026
CUMULATIVE DAYS ON MARKET
54
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
Multi Family
MLS #
980621
New Properties On Market
2
60%
Decrease In New Listings
Average Asking Price
$481,500
$230,800 Decrease In Avg Asking Price
Average Days On Market
1
10 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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