$5,600,000

251 Powers St Brooklyn, NY 11211

East Williamsburg Neighborhood

Estimated payment $31,938/month

Total Views 1,465
9 Beds
10 Baths
6,260 Sq Ft
$895 Price per Sq Ft

About This Home

Prime Williamsburg Investment Property with End-use Upside : Discover a unique opportunity at 251 & 251 1/2 Powers Street, a meticulously maintained multi-family property projecting a 5.6% cap rate and over $315K net income. This property features 7 fully-leased free-market turnkey units across a substantial 25x117 lot with 6,260 gross interior SF, presenting a compelling investment with the possibility of an owner's residence in the serene rear carriage house.

The main 3-story building (3,750 SF above-grade) comprises two well-appointed 1-bedroom floor-through apartments on the upper levels and two flexible convertible 2-bedroom / 1.5-bathroom duplexes on the ground floor. Each unit is updated with hardwood floors, efficient mini-split HVAC, and open kitchens with dishwashers. A common laundry room is conveniently located in the full-height cellar (1,250 SF).

Separated by a shared garden - presenting the option for privatization - the rear 2-story carriage house offers an ideal 3-bedroom / 2-bathroom primary residence or a high-yield rental, with the flexibility to adapt to a 4-bedroom layout. Imagine the appeal of residing in a tranquil, 1,280SF private home while benefiting from the significant income stream generated by the six consistently rented units in the front building.

Benefit from the property's excellent connectivity, with the Grand Street & Graham Avenue L train stations within easy reach, along with a variety of established restaurants and cafes on both main streets for dining and services. Residents appreciate the proximity to Cooper Park for green space and recreation. This is a prudent investment in a consistently appreciating and sustainable Brooklyn market.

Listing Agent

Marvin Chu

Corcoran Group License #10301209550 Listed on: 05/12/2025

Corcoran Group

Co-Listing Agent

Evan Church

Corcoran Group License #30CH1028181

Co-Listing Agent

Chris Cavorti

Corcoran Group License #10301206385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,120

Lot Details

  • 2,925 Sq Ft Lot
  • Lot Dimensions are 117.00x25.00

Home Design

Interior Spaces

  • 6,260 Sq Ft Home
  • 3-Story Property
  • Basement

Bedrooms and Bathrooms

  • 9 Bedrooms

Utilities

  • Cooling Available

Community Details

  • 7 Units
  • East Williamsburg Subdivision

Listing and Financial Details

  • Legal Lot and Block 0044 / 02920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,120

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: East Williamsburg
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 6260.0
  • Living Area Units: Square Feet
  • Rooms (Total): 17
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Bathrooms Integer: 9
  • Bedrooms: 9

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Green Building
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2925.0
  • Lot Size Dimensions: 117.00x25.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 7
  • Total Stories: 3

Tax Info

  • Tax Block: 02920
  • Tax Lot: 0044
  • Tax Annual: 12120.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $5,600,000 -- $895 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20022995

Real Estate Board of New York (REBNY)

New York Kings County Brooklyn 11211 East Williamsburg

251 Powers St, Brooklyn, NY

This home is located at 251 Powers St, Brooklyn, NY 11211 and is currently priced at $5,600,000, approximately $894 per square foot. 251 Powers St is a home located in Kings County with nearby schools including MS 582 The Magnet School for Multimedia, Technology, and Urban Planning.

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Marvin Chu
Listing Agent
Marvin Chu
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Corcoran Group
(929) 470-5135