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128 N 1st Street

$3,999,000

Est. $20,516/mo

Brooklyn, NY 11249 · Brooklyn

Status
Active
On site
3 days

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About this home

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.

Listed with Douglas Elliman Real Estate · Joshua Mohamed · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 4:09 PM ET. ©2026 One Key MLS.

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Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.

$20,516.11Total / mo

Estimated Monthly Payment

Principal & interest
$19,698.02 (96.0%)
Taxes
$618.08 (3.0%)
Insurance
$200.00 (1.0%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market Insights

The market around Brooklyn, NY

Current Listings

New in the last 30 days

219

Sep 2026

Average Price

Active listings

$1,287,887

Sep 2026

Average Days on Market

Active listings

175 days

Sep 2026

Computed from 1,575 active OneKey MLS listings in Brooklyn, NY.

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