178 Union St #8, Brooklyn, NY, 11231
About This Home
This beautiful nine-family, rent-stabilized building offers a perfect blend of stability, upside potential, and timeless Brooklyn charm. The property is in excellent condition, reflecting true pride of ownership and long-term care. Each of the nine units is a spacious two-bedroom apartment, making it highly desirable to both tenants and investors alike. The building will be delivered with three vacant units, providing immediate value-add potential through renovations or new leases at market rent. A rare investment opportunity awaits in the heart of Carroll Gardens, Brooklyn — one of the most sought-after neighborhoods in New York City. Situated on picturesque Union Street, this property is surrounded by Carroll Gardens’ signature brownstones, trendy boutiques, fine dining, and easy access to public transportation — all contributing to the neighborhood’s consistent demand and strong rental performance. This is an outstanding opportunity for investors seeking a well-maintained, income-producing property in one of Brooklyn’s premier residential enclaves. Please call the Broker Mr. Michael G. Ryan for more information.
Getting Around
Walker's Paradise
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1920
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 9
- Full bathrooms: 9
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 6,960
- Total interior livable area: 6,960 sqft
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,675 | $188,100 |
| Home Insurance * | $508 | $6,096 |
| Property Taxes | $1,446 | $17,352 |
| Electricity | $1,150 | $13,802 |
| Total | $18,779 | $225,348 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-06 | Listed for sale | $3,100,000 |
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