Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
381 Manhattan Avenue
Interested in this property?
Active For Sale Multi Family

$2,750,000

381 Manhattan Avenue

East Williamsburg, Brooklyn

MLS® #RLS20104431

RLS at REBNY

Listing by Brick & Mortar LLC

7

Bedrooms

5

Baths

N/A

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 7
Bathrooms 5
Lot Size 2,500 sq ft
Year Built 1931
Ownership None
Property Taxes $14,760/yr
Neighborhood East Williamsburg

Property Highlights

  • Character: Pre-war building (1931)

Property Details

Type Multi Family
Ownership None
Total Rooms 18
Baths 5 Full
Pets Yes, DogsOk
Year Built 1931
Structure Type MultiFamily
Lot Size 2,500 sq ft
Parcel # 02738-0025
Block/Lot 2738/25

Listing History

Event Date Price Change
Listed Jul 19, 2026 $2,750,000 -
Currently Jul 20, 2026 $2,750,000 -

Description

Prime Williamsburg Multifamily Investment Opportunity Introducing a rare opportunity to acquire a vacant 5-family building in the heart of Brooklyn. Situated on a generous 25' x 100' lot, this three-story property offers tremendous upside for investors, developers, or end-users seeking a value-add asset in a highly desirable neighborhood. The building is configured with 5 residential units, including a spacious 3 bedroom first-floor apartment with exclusive access to a private backyard, along with four 1-bedroom apartments—2 on the second floor and 2 on the third floor. All units are in good, livable condition, providing immediate usability while presenting an excellent opportunity for cosmetic renovations that could significantly increase rental income and overall property value. Delivered 100% vacant, the property offers complete flexibility to renovate, reposition, or lease at current market rents.

Features & Amenities

Interior Features

Building None

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 3
Structure MultiFamily

Financial Details

RE Taxes $14,760/yr ($1,230/mo)

East Williamsburg spans the industrial corridor between Williamsburg and Bushwick, where converted warehouse lofts, artist studios, and new-construction condominiums line wide streets originally laid out for manufacturing. The L train at Grand Street and Morgan Avenue, plus the M at Flushing Avenue, provide quick connections to Manhattan and greater Brooklyn. Galleries, studios, and creative spaces fill former factory buildings along Morgan Avenue, Meadow Street, and Ingraham Street.

East Williamsburg Live Market Data

View Neighborhood

Active Listings

20

Median Asking Price

$1.42M

Median $/Sqft

$1,411

Avg Days on Market

N/A

New This Week

1

Price Reduced

20%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 7/20/26, 10:05 AM EST

Recently Sold in East Williamsburg

View All

Location

Loading map...

381 Manhattan Avenue, East Williamsburg, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
3
Floors
5
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $707,850
Land Value: $95,400
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,500 SF
Building Area: 3,300 SF
Built FAR: 1.32
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $14,760, or roughly $1,230 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 5 full bathrooms.

According to MLS records, the building was constructed in 1931, making it approximately 95 years old.

This listing is None

Pets are permitted at this property: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20104431
First Listed: 7/19/2026
On Market: 7/19/2026
Price Changed: 7/19/2026
Contract Date: 7/1/2026

Listing Courtesy of Brick & Mortar LLC - David Soltero

Listing Contact: (718) 599-0869

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/20/2026 at 2:05 PM UTC

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email