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Property Description
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.
Full Property Details
Full Property Details for 128 N 1st St
General
- Price: $3,999,000
- Taxes: $7,417
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1041921
- Updated: 9/14/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: On Street, Open
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 14
- Elementary School: Ps 84 Jose De Diego
- Middle School: Conselyea Prep School
- High School: Brooklyn Prep High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick, Frame
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 3750
- Square Feet: 3,750
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.0486
- Lot Size (Sq. Ft.): 2,115
- Zoning: R6B
Financial Considerations
- Tax Amount: $7,417.04
Disclosures and Reports
- Special Conditions: None
- Property ID: 02380-0010
Listed by Douglas Elliman Real Estate
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Schools
Schools serving 128 N 1st St
School District:New York City Geographic School District 14
| Name | Grades | Distance |
|---|---|---|
Ps 84 Jose De Diego 250 Berry St, Brooklyn, NY 11211 | PK-8 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 N 1st St
Date
Details
Price
Change
Source
9/14/2026
Listed
$3,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 128 N 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,490
—
$969,750
1518%
2025
$7,490
8%
$59,921
-91%
2024
$6,942
8%
$673,380
20%
2023
$6,432
10%
$561,150
-14%
2022
$5,850
—
$650,700
24%
2021
$5,850
2%
$524,250
-9%
2020
$5,749
8%
$573,750
4%
2019
$5,327
14%
$550,800
1292%
2017
$4,666
—
$39,577
8%
2017
$4,666
-1%
$36,682
—
2016
$4,729
4%
$36,682
3%
2015
$4,568
8%
$35,456
8%
2015
$4,224
11%
$32,856
8%
2013
$3,790
—
$30,444
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 128 N 1st St
128 N 1st Street, Brooklyn, NY 11249 (MLS# 1041921) is a Commercial property. 128 N 1st Street is currently listed for $3,999,000 and was received on September 14, 2026. Want to learn more about 128 N 1st Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

