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MLS ID KEY1041921Last updated Sep 25, 2026

Multi Family

128 1st Street

Active · Kings (Brooklyn), NY 11249

Asking price$3,999,000Request a Showing
Year built
1910
Est. monthly taxes
$618.09
Property gallery0 / 10
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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.

Listing snapshot

Days on site
43 days
Listed on MLS
Sep 14, 2026
Annual property tax (MLS)
$7,417.04
Tax year
2025
Listing brokerage
Douglas Elliman Real Estate
MLS ID
KEY1041921
Last updated
Sep 25, 2026

General features

Property type
Multi Family
Year built
1910
Parking
On Street, Open
Water source
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior features

Basement
Full
Heating
Natural Gas
Cooling
Wall/Window Unit(s)

Exterior features

Construction materials
Brick, Frame

Schools (MLS)

Elementary school
Ps 84 Jose De Diego
Elementary school district
Brooklyn 14
Middle school
Conselyea Prep School
Middle school district
Brooklyn 14
High school
Brooklyn Prep High School
High school district
Brooklyn 14

School information is provided by the MLS. Confirm attendance eligibility with the school district.

Recent activity

  1. Listing updated from MLS
  2. First seen on this site
  3. MLS status changed

Location

Kings (Brooklyn), NY 11249Show interactive map
128 1st Street

Kings (Brooklyn), NY 11249

Google Maps directions

Listing data is supplied by the MLS and may change without notice.