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$3,999,000
-- Bed
3 Baths3 full baths
2,400sqft
188 Butler St, New York City, NY 11217
$3,999,000
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Condominium
Built in 1901
$-- HOA
2,500 sqft lot
$1,666/sq.ft
Description
188 Butler Street presents a rare opportunity to acquire a fully occupied 3-unit free-market multifamily
property with significant condo conversion and development upside. Located on a prime Gowanus block
near Bond Street, the property offers approximately 2,400 SF of unused FAR, allowing for potential
vertical expansion to 5 units. With modern finishes, outdoor space, and in-unit washer/dryers, the
existing building is also positioned for strong cash flow or immediate resale as boutique condos.
The property may be acquired subject to an assumable mortgage with a favorable 5.25% fixed interest
rate. This is an ideal investment for developers, architects,...
- Houzeo last checked: 10 Minutes ago
- Listing updated: December 18, 2025 at 2:02 pm
- Listing Provided by: Lindsey Bernstein (516) 849-0848 , Michael J Collesano (646) 221-2284 | NYC Property Expo, Inc. (646) 221-2284
- Source: Rebny MLS-NY | MLS#: RLS20039715
Property Details
Status
Active
Type
Condominium
No. of Stories
3
County
City
Neighborhood
--
Year Built
1901
HOA Fees
-
Finished Area
2,400 sqft
Lot Size
2,500 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20039715
Days on Market
151
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