175 Richardson St Brooklyn, NY 11222
Williamsburg NeighborhoodEstimated payment $17,334/month
Highlights
- City View
- Wood Flooring
- Terrace
- P.S. 34 Oliver H Perry Rated A-
- High Ceiling
- 3-minute walk to Lentol Garden
About This Home
Exclusive Investment Opportunity in Prime Williamsburg Welcome to 175 Richardson Street—a brand new construction, exceptional investment opportunity nestled in the heart of Williamsburg, Brooklyn. This boutique, multi-story gem is a perfect blend of stability, tenant appeal, and prime location, making it a standout addition to any portfolio. Featuring two free-market residential rental units and one retail space, this fully occupied property delivers immediate, steady cash flow with potential for growth as leases renew. Above the commercial space are two stylish residential apartments: spacious bedrooms, a sunlit living room, a sleek chef’s kitchen, and a roomy living area. Both units include private outdoor spaces, perfect for unwinding in the heart of the city. With low operating expenses, this property achieves a solid 6.6% cap rate based on projected 2026 rents at the current asking price. Nestled in one of Brooklyn’s hottest rental markets, 175 Richardson Street combines unbeatable lifestyle perks with solid investment appeal. Steps from McCarren Park, trendy shops, vibrant dining, and excellent transit, it guarantees convenience and consistent renter demand. Perfect for a 1031 exchange or as a long-term income asset, this property offers both stability and growth potential. Seize the chance to own a piece of Williamsburg’s thriving real estate market!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,592
Year Built
- Built in 1960
Lot Details
- Lot Dimensions are 24.080000x69.500000
HOA Fees
- $1 per month
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,695 Sq Ft Home
- 2-Story Property
- High Ceiling
- Recessed Lighting
- Wood Flooring
- City Views
- Dishwasher
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 6 Full Bathrooms
Outdoor Features
- Balcony
- Terrace
Utilities
- Central Air
- No Heating
Community Details
- Williamsburg Subdivision
Listing and Financial Details
- Legal Lot and Block 0026 / 02725
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,583 | $47,580 | $17,880 | $29,700 |
| 2024 | $8,583 | $44,280 | $17,880 | $26,400 |
| 2023 | $8,188 | $42,600 | $17,880 | $24,720 |
| 2022 | $7,593 | $39,300 | $17,880 | $21,420 |
| 2021 | $7,551 | $35,880 | $17,880 | $18,000 |
| 2019 | $8,829 | $103,050 | $27,000 | $76,050 |
| 2018 | $7,901 | $94,050 | $27,000 | $67,050 |
| 2017 | $7,078 | $89,550 | $27,000 | $62,550 |
| 2016 | $6,214 | $70,650 | $27,000 | $43,650 |
| 2015 | $3,251 | $62,550 | $27,000 | $35,550 |
| 2014 | $3,251 | $58,950 | $27,000 | $31,950 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $3,200,000 | -- | $682 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,150,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Purchase Money Mortgage |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20067923
APN: 02725-0026
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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