188 Butler Street

188 Butler St
Gowanus

$3,999,000
Price
—
Beds
2,400 Sq. Ft.
$1,666 / Sq. Ft.
2,400
Sq. Ft.
$1,666
per 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....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, 1031 exchange buyers, or owner-users seeking value-add potential in one of Brooklyn’s fastest-growing neighborhoods. Investment highlights: Free-Market 3-unit multifamily asset Potential to acquire favorable 5.25% fixed interest rate. Approximately $12,000/month in-place rent roll with ability to increase rents to match market rates at lease expiration. 2,400 SF of unused residential FAR (R6B/M1-4 zoning) Potential to add 2 additional units via vertical expansion Modern finishes, each unit equipped with washer/dryer Private outdoor space for ground floor unit Gowanus condo comps averaging $1,300-$1,500/SF
  1. Listed by Lindsey Bernstein • NYC Property Expo, Inc.
    P: (516)-849-0848 bernstein.lindsey@gmail.com
  2. Listed by Michael J Collesano • NYC Property Expo, Inc.
    P: (646)-221-2284 C: (646)-221-2284 michael@nycpropertyexpo.com

Property Details for 188 Butler Street

View
City
Architectural Style
Prewar
LISTING UPDATED: 12/29/2025 11:56 AM

Property Details for 188 Butler Street

StatusActive
MLS IDRLS20039715
Days on Market157
Taxes$659 / month
Maintenance-
Min. Down Pymt-
Total Rooms10.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1901
Lot Size2,500 SF / 25' x 100'
CountyKings County

Building

188 Butler St

3 Units3 StoriesBuilt in 1901

Location

Listing Courtesy of NYC Property Expo, Inc.
Add your commute

Building Information for 188 Butler Street

Stories3Residences3Year Built1901Building Size20' x 40'Building Sq. Ft2,400 SFLot Size2,500 SF / 25' x 100'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$20,419 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,760

Property Taxes

$659

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 188 Butler Street

Summary
Location and General Information
  • Subdivision Name: Gowanus
  • Cross Street: Bond Street/Nevins Street
  • Stories Total: 3
  • View: Yes
Taxes and HOA
  • Tax Lot: 0010
  • Tax Block: 0411
  • Building Tax Lot: 0010
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 2400.0
  • Building Area Total: 2400.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 25.00 x 100.00
  • Living Area Units: SquareFeet
  • Foundation Area: 5000.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: No
  • New Construction: No
  • Structure Type: MultiFamily, WalkUp
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Patio
Interior Features
  • Cooling: WallUnits
  • Heating: Electric
  • Cooling: Yes
  • Heating: Yes
  • Other Equipment: Intercom
  • ElevatorsTotal: 0
  • Size Dimensions: 20.00 x 40.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: No
  • Attendance Type: None

Property History for 188 Butler Street

DateEvent & SourcePriceAppreciationLink
Dec 27, 2025

Listed (Active)

RLS RESO #RLS20039715

—
Dec 25, 2025

Temporarily Off Market

RLS RESO #RLS20039715

$3,999,000—
Jul 23, 2025

Listed (Active)

RLS RESO #RLS20039715

$3,999,000—
Dec 8, 2015

Sold (Public Record)

ACRIS #2015121000457001

$1,250,000

+115.6% / yr

Sep 23, 2014

Temporarily Off Market

RLS RESO #RLS10451714

$1,179,000—
Mar 27, 2014

Permanently Off Market

RLS RESO #RLS10350905

$1,250,000—
Feb 28, 2014

Listed (Active)

RLS RESO #RLS10350905

$1,250,000—
Feb 28, 2014

Listed (Active)

RLS RESO #RLS10451714

$1,375,000—
Feb 13, 2014

Sold (Public Record)

ACRIS #2014022800620001

$310,000

-11.6% / yr

Feb 22, 2007

Sold

BKMLS #317155

$730,000——
Feb 22, 2007

Contract Signed

BKMLS #317155

——
Feb 22, 2007

Sold (Public Record)

ACRIS #2007022800728001

$730,000

+36.3% / yr

May 6, 2006

Sold (Public Record)

ACRIS #2007030200317001

$570,000—
Feb 18, 2006

Listed (Active)

BKMLS #317155

$749,000——
DateEvent & SourcePrice
12/27/2025

Listed (Active)

RLS RESO #RLS20039715

—
12/25/2025

Temporarily Off Market

RLS RESO #RLS20039715

$3,999,000
07/23/2025

Listed (Active)

RLS RESO #RLS20039715

$3,999,000
12/08/2015

Sold (Public Record)

ACRIS #2015121000457001

$1,250,000

+115.6% / yr

09/23/2014

Temporarily Off Market

RLS RESO #RLS10451714

$1,179,000
03/27/2014

Permanently Off Market

RLS RESO #RLS10350905

$1,250,000
02/28/2014

Listed (Active)

RLS RESO #RLS10350905

$1,250,000
02/28/2014

Listed (Active)

RLS RESO #RLS10451714

$1,375,000
02/13/2014

Sold (Public Record)

ACRIS #2014022800620001

$310,000

-11.6% / yr

02/22/2007

Sold

BKMLS #317155

$730,000
02/22/2007

Contract Signed

BKMLS #317155

—
02/22/2007

Sold (Public Record)

ACRIS #2007022800728001

$730,000

+36.3% / yr

05/06/2006

Sold (Public Record)

ACRIS #2007030200317001

$570,000
02/18/2006

Listed (Active)

BKMLS #317155

$749,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 188 Butler Street

Taxable ValueLand$24,900Additions$132,480Total$157,380
Tax Record2025$7,910 ($659 / month) Tax Class1Tax Rate20.085%
Home Facts
Total Finished SqFt2,400 SqFtLot Size2,500 SqFtYear Built1901ZoningM14R6BAPN3004110010

Schools near 188 Butler Street

This home is within New York City Geographic District #15.
Rating
School
Type
Grades
Distance
P.S. 32 Samuels Mills Sprole
Public - PK to 5
Park Slope Collegiate
Public - 6 to 12
Cyberarts Studio Academy
Public - 9 to 12
School Of Creativity-Innovation
Public - PK to 4
Rating
School
Distance
P.S. 32 Samuels Mills Sprole
PublicPK to 5

Park Slope Collegiate
Public6 to 12

Cyberarts Studio Academy
Public9 to 12

School Of Creativity-Innovation
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 188 Butler Street, Gowanus

188 Butler Street is a townhouse for sale in Gowanus. This property was listed for sale on July 23, 2025 by NYC Property Expo, Inc., it's currently listed at $3,999,000. It has been on the market for a total of 157 days and was last sold on December 8, 2015. This listing's school district is New York City Geographic District #15. Nearby schools include P.S. 32 Samuels Mills Sprole, Park Slope Collegiate and Cyberarts Studio Academy. 188 Butler Street is a 0-bed, 3-bath, 2,400 sqft townhouse built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NYC Property Expo, Inc.

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.